- 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
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:
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