529 Hunter StreetNewcastle NSW 2300
Property Details for 529 Hunter St, Newcastle
Last Listing description (November 2022)
Auction Wednesday 16 November at 11am on-site
Occupied by The Rum Diary Bar, the Australian Bar Awards '2021 Regional Bar of the Year', the property boasts an eccentric boutique fitout including ground floor bar, commercial kitchen with secondary bar area, external deck and designated cigar lounge on the first floor.
This freehold investment opportunity is ideally located in the centre of the Newcastle CBD, opposite the Honeysuckle waterfront precinct, between two major arterial roads Hunter Street and King Street and positioned within close proximity to the Newcastle Light Rail.
- Current net income $117,350.88* per annum plus GST
- 5 year lease term expiring 2025 + 5 year option term
- 501sqm* torrens title two-level building
- Boutique fitout with commercial kitchen
- Central location, close to Honeysuckle precinct
- Zoned B4 Mixed Use, future conversion potential (STCA)
*Approximately
Property History for 529 Hunter St, Newcastle, NSW 2300
- 14 Nov 2022Sold for $2,100,000
- 21 Oct 2022Listed for Sale Contact Agent
- 11 Dec 2019Sold for $1,200,000
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 5,228 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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