One of Newcastle's most significant heritage buildings is being sold with vacant possession and it is expected to draw national attention through its expressions of interest campaign.
Adam Leacy, of Commercial Collective, is marketing Longworth House at 129 Scott Street and said it presents buyers with a "walk-in, walk-out opportunity".
Designed by prominent architect Frederick Menkens in 1892, it was given a re-birth by Suters Architects in 2000 then was further renovated internally in 2009 for use as a function centre and tapas bar.
Behind the ornate Anglo-Dutch facade of red pressed brick, carved sandstone features and oriel windows, are a grand French Provincial-inspired ballroom and two distinctly designed lounge bars plus a commercial kitchen, office space and amenities. It comes with extensive inclusions, has a net lettable area of around 740 square metres and is zoned B4 Mixed Use.
"It could be hospitality, it could also be a residence," Mr Leacy said.
"The interest has been fairly strong so far because it's so unique; it's part of Newcastle's history and when you walk through it, it's amazing."
Expressions of interest close March 12. A price guide has not been disclosed.
Strong interest is also expected for "a premium hospitality investment with future development opportunity" in the city.
Colliers International's Michael Chapman is marketing 9 Darby Street, which is dual tenanted to Meet restaurant and Bangkok on Darby, in conjunction with Commercial Collective.
"We expect strong interest based on the 8.2 year WALE and strength of each tenant," Mr Chapman said.
It has a net income of $240,360 and interest is expected north of $3.5 million at the March 18 auction.