711 Hunter Street, Newcastle_Property for Sale

711 Hunter Street, Newcastle, NSW, 2302, AU

711 Hunter Street, Newcastle

Asset description

JLL and Colliers are pleased to exclusively offer 711 Hunter Street, Newcastle to the market for sale.

711 Hunter Street presents an exciting opportunity to acquire a DA approved residential site, that will set the benchmark for urban vertical living in Newcastle.

Set in a prominent location covering 4,724sqm, the property benefits greatly from its three street frontages and existing improvements. The valuable Development Approval allows for two 26-storey towers with the flexibility for a staged or single line delivery model. The 90m height combined with a considered tower placement and orientation ensures panoramic water and district views from most apartments, whilst creating a landmark addition to Newcastle.

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Attributes

Building area net

285,244 sf

Year built

2026

Land area gross

50,849 sf

Media

Investment highlights

Expansive 4,724 sqm level site with three street frontages
APPROVAL FOR:
- 257 apartments
- 1,241 sqm retail/commercial (pre-approved for F&B and retail uses until 10pm)
- Stageable over two towers
Design competition winning architecture by Tier 1 firm Plus Architecture
Coordinated structural and services design for efficient design development phase
26 storey towers positioned to capture panoramic water and district view corridors in all directions.
Prime central location within proximity to Newcastle’s best amenity
Secure holding income of $630,000.00 + GST per annum, including the parking revenue for 22/23.

711 Hunter Street, Newcastle for sale by Expressions of Interest, closing 4:00pm (AEDT) Thursday 16 November 2023.