Office / Residential Conversion, It has its, AUD at the, accuracy Prospective purchasers

  • 7
  • Published date: Apr 23, 2014
    • Newcastle, Australia
Office / Residential Conversion, It has its, AUD at the, accuracy Prospective purchasers

Bedrooms:7Bathrooms:1Square Meters:465ref: 7E326EBDC8ABThis property is presented by ListGlobally on behalf of: Walkom Real EstateThis property is for auction and the price ($650,000 AUD) is indicative. Please contact the agent for more information.Located on the corner of Hunter and Union Streets, Newcastle West. The building enjoys an excellent inner city location and will benefit from Newcastle Urban Revitalization Strategy, Newcastle University NewSpace, the New Newcastle Courthouse and improved access across the heavy rail line. Currently used as office space. But has huge redevelopment potential. There is the opportunity for four separate commercial tenancies.Zoning : B3 Commercial CorePotential uses (STCA)Commercial OfficesResidential AccommodationStudent AccommodationEntertainmentEducation facilitiesHotel or MotelThe property is two separate buildings. 535 & 537 Hunter Street & the second known as 2 Union Street, Newcastle both with excellent street frontage and exposure.535-537 Hunter Street, is a two storey commercial brick building, partitioned into separate offices, larger meeting rooms with large reception. It is air conditioned with separate amenities facilities on the ground and first floor. Building area of 329 sqm (approx). Currently leased until October 2015 plus option, to Diabetes Australia.The adjoining property to the South, is known as 2 Union Street, is a single storey brick building with approximately 120 sqm. It has its own separate amenities and is air conditioned. The building is partitioned into separate offices and reception area. The property is currently vacant.Potential Net Income $47,000 pa approxPlease note : the Awning requires immediate repairs.Please contact us to obtain a detailed property report.Auction : Friday 23rd May 2014 11am.(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)As conversion rates between global currencies change daily, the local currency displayed on this portal may not be applicable for the duration of the listing advertisement. The price of this property is listed in Australian Dollars (AUD) at the beginning of this description and that should be used as a price guide for this property.(listglobally ref.: #LG1522069)

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