116 Hunter StreetNewcastle NSW 2300
Property Details for 116 Hunter St, Newcastle
Last Listing description (November 2020)
Located in the Hunter Street Mall, this prominent stand-alone building is part of the flourishing East End precinct. The property comprises a four level brick building, with a tenancy mix of retail and commercial users.
Close to public transport, restaurants, cafes, pubs and increasing residential development. This well renowned strip also includes a diverse range of retail boutiques and commercial services including Newcastle Post Office, medical and financial facilities.
This is an excellent chance to acquire a quality investment property in the revitalised Newcastle CBD. A value add opportunity of either a direct income increase with the introduction of additional tenancies and/or the redevelopment/refurbishment of the building for mixed use.
NLA - 1,321 m2
Land Size - 420 m2
Net Income - $90,032 pa
Potential Net Income - $167,000 pa
Property History for 116 Hunter St, Newcastle, NSW 2300
- 26 Nov 2020Sold for $2,040,000
- 01 Oct 2019Listed for Rent $36,750 / year
- 10 Jul 2019Listed for Sale Offers over $2 M
Recent sales nearby
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0About Newcastle 2300
The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2016 was 2753 people. By 2021 the population was 3852 showing a population growth of 39.9% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation.In 2021, 44.20% of the homes in Newcastle were owner-occupied compared with 45.70% in 2016.
Newcastle has 5,227 properties. Over the last 5 years, Houses in Newcastle have seen a 15.85% increase in median value, while Units have seen a 35.82% increase. As at 30 April 2026:
- The median value for Houses in Newcastle is $1,813,018 while the median value for Units is $1,057,482.
- Houses have a median rent of $730 while Units have a median rent of $750.
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