Location, versatility and a lack of city stock are proving key appeal for a Hunter Street property, according to marketing agent Nick Christensen.
Mr Christensen, of Colliers International, is selling Level 1, 456 Hunter Street through expressions of interest, closing June 4. A price guide has not been disclosed.
The property provides two commercial office suites, one being leased and the other vacant. It has a current passing income of $25,258 per annum gross (plus GST).
"Comprising of two separate tenancies, this property offers flexibility and is positioned directly across the road from NUspace [the University of Newcastle City campus]," Mr Christensen said.
"The enquiry level has been strong due to a lack of quality office accommodation for sale within the CBD with both investors and owner-occupiers looking to capitalise on the location"
The property is also located close to the State Law Courts, Civic entertainment precinct, Honeysuckle and Darby Street.
One suite is around 147 square metres in size and comprises three partitioned offices, kitchen, reception and open plan office area. The other is around 78 square metres and comprises three partitioned offices, a kitchen and open plan office area.
Warren Plumb, of Plumb Realty, has reported the sale of a Wickham warehouse at 46 Annie Street for the asking price of $700,000 at a yield of four per cent. The property was sold with a tenant and three-year lease in place. It was located close to the Newcastle Interchange and CBD and had an annual gross return of $26,000 plus GST.
Mr Plumb also reported an industrial unit of 135 square metres at 9/32 Templar Place in Bennetts Green was under offer. It had an asking price of $295,000 and included a mezzanine, kitchen, disabled amenities high bay lighting and 3 phase power.