679R Hunter Street, Newcastle West, NSW 2302 | Property Value & History | OnTheHouse
OFF MARKET

679R Hunter Street
Newcastle West NSW 2302

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 533m2
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Property Details for 679r Hunter St, Newcastle West

Building Type
Commercial
Land Size
533m2
Local Government
Newcastle
Lot/Plan
1/DP1234061

Last Listing description (October 2021)

- Positioned within the well-known Pinnacle Apartment building, this premium restaurant space faces north on Hunter Street in Newcastle's CBD.

- The property sits amongst an emerging part of this thriving and revitalised city where surrounding development includes the Aero Apartments directly opposite, the Transport Interchange being a short walk, Marketown Shopping Centre and associated residential towers as well as the recently approved Verve development.

- The property features a modern and stylish restaurant with full DA and liquor approval for approximately 60 patrons. The current improvements include a fully fitted commercial kitchen with affiliated storage, cool rooms and freezer space as well as a dining and lounge area with tables and chairs also being included.

- Two car parking spaces

Building areas as follows:
- Restaurant, kitchen and cool rooms 227sqm*
- Storage and loading area (basement) 25sqm*
- Mezzanine store 17sqm*
- TOTAL 269sqm*

- Rental - $75,000 per annum net (plus GST)

- Outgoings are payable in addition to the abovementioned rental and estimated to be in the order of $8,000 per annum (plus GST). The Lessee will also be responsible for the Lessee's own business related operating expenses including, but not limited to, electricity, water usage, insurance, internal cleaning, telephones, air conditioning maintenance, as well as maintenance of the grease trap, plant, equipment, kitchen exhaust, etc.

*Approximate

Property History for 679r Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$100,000
28 Mar 2018
Listed for Rent
30 Sep 2019
  • 30 Sep 2019
    Listed for Rent $279 / year
  • 28 Mar 2018
    Sold for $100,000
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About Newcastle West 2302

The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of total area. The population of Newcastle West in 2016 was 618 people. By 2021 the population was 1453 showing a population growth of 135.1% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation.In 2021, 41.70% of the homes in Newcastle West were owner-occupied compared with 35.90% in 2016.

Newcastle West has 2,014 properties. Over the last 5 years, Houses in Newcastle West have seen a 40.78% increase in median value, while Units have seen a 35.62% increase. As at 31 January 2026:

  • The median value for Houses in Newcastle West is $1,419,966 while the median value for Units is $841,671.
  • Houses have a median rent of $548 while Units have a median rent of $685.
There are currently 11 properties listed for sale, and no properties listed for rent in Newcastle west on OnTheHouse. According to Cotality's data, 137 properties were sold in the past 12 months in Newcastle west.

Suburb Insights for Newcastle West 2302

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.