 Asset Class: | Office |
 Price: | $ 2200000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Positioned in the heart of Newcastle’s thriving CBD, this full-level office presents an exceptional commercial investment opportunity. Boasting a premium location in one of New South Wales’ most sought-after business precincts, the property offers a secure and high-yielding income stream. Currently leased to a reputable international tenant, investors can benefit from a strong 7% yield alongside a state-of-the-art fit-out that enhances both functionality and appeal.<br>Beyond its immediate cash flow benefits, this property offers significant potential for long-term capital growth. Newcastle continues to experience strong economic expansion, driven by infrastructure developments, population growth, and an increasing demand for quality commercial spaces. With its strategic positioning and premium office environment, this asset is well-placed to capitalize on the city’s ongoing transformation.<br>Whether you are an experienced investor or seeking to expand your portfolio, this property stands out as a rare and compelling opportunity. Its combination of a prime CBD address, strong lease covenant, and impressive yield makes it a standout choice in today’s market. Don’t miss your chance to secure a high-performing commercial asset in one of NSW’s fastest-growing regions.
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<span style="color:rgb(0, 0, 0);">Optimised for flexible working, this location offers immediate access to major transportation</span><br><span style="color:rgb(0, 0, 0);">routes plus and all the amenities Newcastle has to offer, presenting transformative prospects</span><br><span style="color:rgb(0, 0, 0);">for contemporary businesses. The city's industrial past is a key influence in its current evolution,</span><br><span style="color:rgb(0, 0, 0);">with around $650 million* invested in rejuvenating the city centre.</span><br><span style="color:rgb(0, 0, 0);">Greater Newcastle, particularly its inner-city suburbs, is becoming a hub for start-ups and small</span><br><span style="color:rgb(0, 0, 0);">businesses, especially in creative and innovative sectors. These businesses are flourishing in</span><br><span style="color:rgb(0, 0, 0);">renovated industrial and manufacturing spaces. Additionally, the government is playing a</span><br><span style="color:rgb(0, 0, 0);">significant role by transforming the adjacent Wickham area into central government hubs. The</span><br><span style="color:rgb(0, 0, 0);">local Council is also contributing, setting up new offices just a short distance from the suite.</span><br><span style="color:rgb(0, 0, 0);">Moreover, the NSW State government is relocating several major agencies to Wickham,</span><br><span style="color:rgb(0, 0, 0);">further enhancing the area's importance. The tertiary education sector in the region is thriving,</span><br><span style="color:rgb(0, 0, 0);">led by the University of Newcastle. The investment in the notable NUspace campus and the</span><br><span style="color:rgb(0, 0, 0);">establishment of Japan’s Nihon University's first Australian campus in Greater Newcastle mark</span><br><span style="color:rgb(0, 0, 0);">a new era in international education in the city's inner areas.</span><br><span style="color:rgb(0, 0, 0);">The convenient location sits just across from the Newcastle Court House and is surrounded by</span><br><span style="color:rgb(0, 0, 0);">some of Newcastle’s best amenities including the Newcastle Light Rail, Newcastle University,</span><br><span style="color:rgb(0, 0, 0);">the popular Honeysuckle Precinct as well some of Newcastle’s best cafes and bars. The</span><br><span style="color:rgb(0, 0, 0);">property presents an excellent investment opportunity from the dual income streams and also</span><br><span style="color:rgb(0, 0, 0);">holds some potential residential development on the first floor (STCA)</span>
Additional Location Information File<a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://palaris.com/"><u>https://palaris.com/</u></a><span></span>
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Leased to international mining consultants Palaris</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">New 3 year lease with a 3 year option</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net income $154,922* per annum plus GST showing an 7% yield</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Build area of 550sqm*</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Includes A Grade fitout with furnishes</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Close proximity to nearby transport and surrounding amenities</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Nearby parking options available</span></p></li></ul>
