
Worral Creek Aggregation
AU - Talwood, QLD
26,855.00 ha
JLL and Commercial Collective are pleased to exclusively present for sale ‘The City Exchange site’, in Newcastle. With frontages to two of Newcastle’s most prominent streets, between major retail amenity and the harbour foreshore, the site is centrally located in the heart of Newcastle CBD and presents a super-rare, consolidated land parcel of 6,483sqm comprising 5 existing office buildings as well as an at-grade car park.
With strong existing holding income, the site presents genuine optionality to reposition the existing improvements or unlock future development opportunities, afforded by the sites significant under-development relative to current planning controls and low site coverage ratio of ~49%. Based on surrounding uses, current planning controls and market demand, the site could accommodate multi-sector development, including office, BTR, medical, hotel or residential and associated retail uses.
A 100% Freehold interest in The City Exchange Site (comprised of 426 King Street, Newcastle and 591-615 Hunter Street, Newcastle) is being offered for sale via an International Expressions of Interest process closing Thursday 20th July 2023 at 3pm (AEST).
For further information, please contact the exclusive selling agents at JLL and Commercial Collective.