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591 Hunter St 4,618 SF 100% Leased Office Building Newcastle West, NSW 2302 $2,693,375 CAD ($583.27 CAD/SF)
Investment Highlights
- Secure leased investment to Guide Dogs NSW on a five-year term.
- MU1 Mixed Use zoning providing long-term flexibility and redevelopment potential.
- Prime Newcastle CBD location near major transport, retail, and lifestyle amenities.
- Well-presented two-storey brick commercial building with modern layout.
- 429 sqm* building area with efficient floor plan and lift access.
- Ground floor includes waiting area, meeting rooms, and amenities; upper level offers open-plan office space.
Executive Summary
591 Hunter Street presents a rare opportunity to acquire a secure leased investment in the heart of Newcastle’s CBD. Positioned on the southern side of Hunter Street between Steel Street and Union Street, this well-presented two-storey brick commercial building occupies a prime location at the western end of the city’s core business district.
The property is currently leased to Guide Dogs NSW on a five-year term, providing a stable income stream for investors. The ground floor features a welcoming waiting area, multiple meeting rooms, a lift core, and amenities, while the upper level offers a predominantly open-plan office layout with additional amenities. This functional configuration caters to a wide range of professional and commercial uses, ensuring long-term tenant appeal.
Zoned MU1 Mixed Use, the property benefits from excellent flexibility and future potential in a rapidly evolving precinct. Its strategic location offers proximity to major transport links, retail, and lifestyle amenities, making it an attractive investment in one of Newcastle’s most tightly held markets.
$2,800,000 excluding GST
The property is currently leased to Guide Dogs NSW on a five-year term, providing a stable income stream for investors. The ground floor features a welcoming waiting area, multiple meeting rooms, a lift core, and amenities, while the upper level offers a predominantly open-plan office layout with additional amenities. This functional configuration caters to a wide range of professional and commercial uses, ensuring long-term tenant appeal.
Zoned MU1 Mixed Use, the property benefits from excellent flexibility and future potential in a rapidly evolving precinct. Its strategic location offers proximity to major transport links, retail, and lifestyle amenities, making it an attractive investment in one of Newcastle’s most tightly held markets.
$2,800,000 excluding GST
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,618 SF
Building Class
B
Price
$2,693,375 CAD
Price Per SF
$583.27 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,309 SF
Building FAR
1.43
Lot Size
0.07 AC
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591 Hunter St
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