Property Portfolio Newcastle & Hunter Region May 2021
Contents Auction 03 Lot 1, 114 Maitland Road, Mayfield 04 756-758 Hunter Street, Newcastle 05 115 Broadmeadow Road, Broadmeadow 06 Level 3, 3 Hopetoun Street, Charlestown 07 Units 2 & 3, 31 Camfield Drive, Heatherbrae 08 25 Belford Street, Broadmeadow Expressions of Interest 09 Broadmeadow Portfolio 10 2-10 Holland Street, Wickham 11 2 Pulteney Street, Taree 12 83-85 Maitland Road, Sandgate For Sale or Lease 12 36 Accolade Avenue, Morisset For Lease 13 727 Hunter Street, Newcastle 14 26 Honeysuckle Drive, Newcastle 15 28 Honeysuckle Drive, Newcastle 16 Lot 2, 239 King Street, Newcastle 16 Suite 1, Ground Floor, 26 Lookout Road, New Lambton 17 Unit 2, 16 Galleghan Street, Hexham 18 Unit 1, 39 Glenwood Drive, Thornton 18 Unit 13, 301 Hillsborough Road, Warners Bay 19 Suite C, Level 1, Cnr Cowper & Fitzroy Streets, Carrington 19 Unit 1, 8 Arunga Drive, Beresfield
Welcome to Colliers Property Portfolio May Edition 2021 The property market across all asset classes has seen tremendous growth, witnessed at our first auction campaign of 2021 when all 14 properties sold on or before auction day. The sales reflected yields ranging from 4.42% for a pharmacy in Cardiff through to 7.19% for an office building in Maitland, with buyers both local and accessed from our national platform. There have also been a number of higher capital value transactions that we look forward to announcing in due course, with the result being hundreds of buyers with budgets from $500,000 to $50 million still looking for investment options. The appetite for property is not restricted to investment options, with the rent/ buy equation driving appetite for vacant possession assets, whilst the continued growth across our residential market driving demand for residential development options. Office leasing has been the hardest hit sector, although there are green shoots with companies like KPMG and Wotso entering our market. We trust our listings are of interest, and if you would like to receive our Research and Forecast reports, or discuss any aspect of the market, do not hesitate to contact any of our expert team. Peter Macadam Director in Charge | Newcastle
AUCTION
s
Outlines indicative only
Lot 1, 114 Maitland Road, Mayfield
Highly exposed boutique suite in growth area For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The subject property is strategically located in the high growth precinct of Mayfield. The boutique suite benefits from its exposure to Maitland Road as well as significant surrounding amenity including the newly completed Coles Mayfield development.
83sqm* strata area
Recently refurbished
Invest or occupy
The suite has been recently refurbished and comprises high ceilings, polished timber floorboards, renovated bathroom and kitchen facilities and an abundance of natural light. The entry level opportunity presents a savvy occupier or investor the ability to capitalise on a suburb that is undergoing substantial gentrification and has great future growth prospects.
In high growth precinct
Adjacent to new Coles Mayfield East Village
B4 Mixed Use zoning
Luke Rutledge 0432 741 632
Ben Robinson 0402 211 392
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Newcastle & Hunter Region Property Portfolio | 3
AUCTION Outlines indicative only
756-758 Hunter Street, Newcastle
Leased asset in the West End For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The three storey attached terrace is strategically located amongst a number of significant developments in the West End precinct including The Store, Gateway and 727 HQ which will be a brand new 15,000sqm commercial office building. The asset is currently leased with a passing income of $62,426* per annum net (plus GST) on a new three year lease. The property includes multiple rooms with varying amenity options. Ground floor has a kitchen, laundry, lounge room and an open courtyard area. The first floor has kitchen facilities and three separate rooms, while the top floor also has three rooms and a shared bathroom.
Ben King 0415 465 969 4 | colliers.com.au
Nick Christensen 0402 635 503
Net income $62,426* per annum (plus GST)
3 year lease with two x three year options
Building area 210sqm*
Zoned B3 Commercial Core
Located within the emerging West End
Future development upside STCA
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AUCTION
115 Broadmeadow Road, Broadmeadow
Affordable freehold investment For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The property provides a rare opportunity to secure a freehold investment, within the tightly held precinct of Broadmeadow. The office component of the property features a stunning high quality fitout with glazed shopfront, professional offices, boardroom, open workstation areas and amenities. Dual street frontage enables rear lane access to the warehouse. Designated on-site car parking is provided at the front and rear of the property. Currently leased to MJD Environmental and Newy Constructions returning $70,000 per annum until January 2022 plus options.
Mark Yazbeck 0408 795 257
Tim Woolf 0413 155 462
High quality office fitout
Rear lane access to warehouse storage area
Projected return $70,000 pa (on settlement)
Tightly held commercial precinct
Flexible IN2 Light Industrial zoning
Designated on-site parking
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Newcastle & Hunter Region Property Portfolio | 5
AUCTION Outlines indicative only
Address Level 3, 3 Hopetoun Street, Charlestown
Heading office fitout with 12 car spaces Modern For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The property is located within the commercial and medical hub of Text Charlestown’s CBD. Other tenants in the building include Hunter Plastic Surgery, The Rainbow Clinic Paediatric Occupational Therapy and Dr Munroe Dental Practice.
647sqm* Iconlettable 1 area
Icon 2 car 12 secure spaces
3 office ModernIcon fitted accommodation
Natural Icon 4 light throughout
Close proximity Icon 5 to GPT’s Charlestown Square
Icon 6 to Opportunity occupy a premium commercial building
The subject property comprises a full floor with secure access in the heart of Charlestown. The tenancy has a modern commercial fitout and is being offered For Sale by Public Auction. The fitout comprises two conference rooms, five offices, open plan accommodation with approximately 42 workstations, large kitchen and breakout area and two sets of amenities including a shower. There is also a small balcony area off the kitchen for staff amenity.
Peter Macadam Agent 1 xxxx xxx 0402 074 xxx 159 6 | colliers.com.au
Nick Christensen Agent 2 xxxx xxx 0402 635 xxx 503
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AUCTION
Outlines indicative only
Units 2 & 3, 31 Camfield Drive, Heatherbrae
Quality industrial investment with dual income stream For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The property provides a dual income stream investment, currently comprising two units in a boutique three unit complex anchored by Reece Plumbing in a separate building. The units are both subject to new lease agreements. Unit 2 is leased to Desire AV commencing May 2021 returning $40,000* per annum net on two + two year term. Unit 3 has agreed terms for a five + five year lease to an international company returning $50,000* per annum net. Both units provide a diversified / staggered income profile, together with the flexibility to sell down and divest in the future if required. The holding provides a unique opportunity to purchase the units separately or in-one-line.
Tim Woolf 0413 155 462
Mark Yazbeck 0408 795 257
Strata area 986sqm*
Current net income $90,000* (plus GST)
Ideally located in Heatherbrae
Zoned IN2 Light Industrial
Three phase power
9 car spaces available between both units 2 & 3
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Newcastle & Hunter Region Property Portfolio | 7
AUCTION EXPRESSIONS OF INTEREST FOR SALE FOR SALE OR LEASE FOR LEASE
Outlines indicative only
Address 25 Belford Street, Broadmeadow
Heading site ripe for development Affordable For Sale by Public Auction, Thursday 17 June 2021 at 10.30am Ground Floor, 18 Honeysuckle Drive, Newcastle The property comprises a 310sqm* site benefiting from prime exposure to Text Belford Street, positioned within a tightly held commercial precinct. Currently used as a nursery, the site offers a blank canvas ready for development with the B4 Mixed Use zoning allowing for a variety of development under the planning scheme (STCA). The subject property is situated within close proximity to Nineways, the major intersection at Broadmeadow and the geographic centre of Newcastle. Major road networks which pass through this point include Brunker Road, Lambton Road and Belford Street - all of which provide easy access to the wider suburban and city network of Newcastle. The property is within close proximity to Broadmeadow Train Station, being 500m* to the north west and Newcastle CBD only 5km* away.
Mark Yazbeck Agent 1 xxxx xxx 0408 795 xxx 257 8 | colliers.com.au
Agent 2 xxxx xxx xxx
Site Icon area 1 310sqm*
Icon 2B4 Zoned Mixed Use
Icon 3 FSR 0.9:1 and height limit 11m
Main Iconroad 4 exposure
Tightly Icon held 5 precinct
Central Icon 6 location
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EXPRESSIONS OF INTEREST
Outlines indicative only
11-15 Broadmeadow Road & 115-123 Clyde Street, Broadmeadow
Portfolio investment opportunity For Sale by Expressions of Interest closing Thursday 24 June at 4pm A fully leased portfolio of four properties located on a prime corner site within the tightly held precinct of Broadmeadow. This extensive property holding comprises five workshops plus an office building, each having separate roller door access and separate amenities. The workshops incorporate multiple gantry cranes ranging from two tonne to 10 tonne.
Trent Robertson 0401 717 795
Jayson Robertson 0411 250 853
100% leased to national tenants
Passing net income $426,978 pa (plus GST)
Substantial improvements over multiple lots
Building area 4,024sqm*
Multiple gantry cranes
WALE 3.73 years by income
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Newcastle & Hunter Region Property Portfolio | 9
EXPRESSIONS OF INTEREST Outlines indicative only
2-10 Holland Street, Wickham (Newcastle, NSW)
Mixed-use development site opportunity For Sale by Expressions of Interest closing Friday 18 June at 4pm The property comprises a large strategic site, having extensive frontages to Holland Street, Railway Street and Croft Street at Wickham. The property represents an opportunity to develop a large holding with flexible zoning, comprising an infill development site with numerous development outcomes. The B4 Mixed Use zoning permits a variety of uses, including commercial premises, educational establishments, hotel or motel accommodation, and shop top housing.
Trent Robertson 0401 717 795 10 | colliers.com.au
Peter Macadam 0402 074 159
Tim Woolf 0413 155 462
Key Wickham land holding
FSR 4.0:1
Site area 9,114sqm*
Adjacant to Wickham Park
Three street frontages
Cleared and remediated prior to completion
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AUCTION FOR LEASE
FOR SALE OR LEASE
FOR SALE
EXPRESSIONS OF INTEREST
EXPRESSIONS OF INTEREST
Address 2 Pulteney Street, Taree
Headingadministration building Council For Lease Sale byby Expressions of Interest Located on the corner of Pulteney and River Streets, this two storey Text property is strategically set in the central business hub giving excellent connectivity to all local amenities and services. The Manning River sits directly on the doorstep enhancing the ambiance of the property.
Icon 1 3,190sqm* total NLA
Icon 2 car 37 secure parks
Icon 3 5.5 Star NABERS Energy rating
Icon Ability to 4lease entire building or smaller tenancies
Icon 5 grade Commercial fitout existing
Icon 6 B3 Commercial Core zoning
Internally the property is split over two levels with a combined NLA of 3,190sqm*, with the ground floor representing 1,807sqm* and the first floor comprising of 1,383sqm*.
Agent Ben King 1 xxxx 0415 xxx 465xxx 969 11 | colliers.com.au
Agent Luke Rutledge 2 xxxx 0432 xxx 741xxx 632
Nick Christensen 0402 635 503
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Newcastle & Hunter Region Property Portfolio | 11
EXPRESSIONS OF INTEREST Outlines indicative only
83-85 Maitland Road, Sandgate
Invest plus residence with showroom and workshop For Sale by Expressions of Interest 83 Maitland Road has a site area of 1,159sqm*, it is being offered vacant possession with showroom, workshop and an adjoining two bedroom residence/ office. 85 Maitland Road has a site area of 1,524sqm*. It has two x two bedroom units, both leased to long term tenants. The site coverage is only 17.8%* allowing for room to expand (STCA). The properties can be sold separately.
Jayson Robertson 0411 250 853
Tim Woolf 0413 155 462
Income from two x two bedroom units
Zoned IN2 Light Industrial
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Room to expand
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36 Accolade Avenue, Morisset
Brand new business units For Sale or Lease Located at the beginning of the Accolade Avenue extension within the tightly held Morisset Business Park, this development is the latest industrial supply in a tightly held market. Offering flexible fitout optional extras such as offices, additional amenities, mezzanine and/or solar power.
Ben Curran 0401 208 088 12 | colliers.com.au
Unit sizes 299sqm* to 499sqm*
Located less than 1 minute* to the M1 Pacific Motorway
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Zoned IN2 Light Industrial
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FOR LEASE
FOR SALE OR LEASE
FOR SALE
EXPRESSIONS OF INTEREST
AUCTION
FOR LEASE
Artist impressions
Address 727 Hunter Street, Newcastle
Heading HQ 727 A Grade commercial office and retail space For Lease Sale by HQ 727 is Newcastle’s newest A Grade office space combining class with Text convenience which will signify a new era of commercial office space. HQ 727 will incorporate retail opportunities from 99sqm* to 195sqm* and A Grade office accommodation with floor plates ranging from 704sqm* to 1,323sqm*. HQ 727 will benefit from quality end-of-trip facilities with personal lockers and bike storage, five destination management elevators, over 233 car spaces and is surrounded by amenities including light and heavy rail, bus stops and main arterial road networks.
Agent Peter Macadam 1 xxxx 0402 xxx 074xxx 159 13 | colliers.com.au
Agent Tim Woolf 2 xxxx 0413 xxx 155xxx 462
Icon office 1 A Grade floors 704sqm* to 1,323sqm*
Icon 2 Retail opportunities 99sqm* to 195sqm*
Icon 3 4.5-Star NABERS Energy rating
4 level AmpleIcon multi car parking
Icon 5 End-of-trip facilities
Icon 6 Destination controlled lift
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Newcastle & Hunter Region Property Portfolio | 13
FOR LEASE
26 Honeysuckle Drive, Newcastle
Contiguous refurbished A Grade floor plates for lease For Lease Comprises a PCA A Grade building strategically located within the prominent Honeysuckle precinct of the Newcastle CBD, which is home to a number of high-profile corporate and government tenants. The building has new lifts, refurbished foyer and market leading endof-trip facilities, providing unrivalled staff amenity. The floor plate sizes provide flexibility for corporate tenants, with the building anchored by QBE Insurance. The Honeysuckle light rail stop is adjacent to the property, with staff amenity in the area including the Marketown Shopping precinct, a short 500 metres* to the south.
Peter Macadam 0402 074 159 14 | colliers.com.au
480sqm* to 1,214sqm* available now
20 car spaces
4.5-Star NABERS Energy rating
New end-of-trip facilities
New lifts
Adjacent to Honeysuckle light rail stop
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FOR LEASE
28 Honeysuckle Drive, Newcastle
Refurbished A Grade opportunity For Lease Prominent PCA A Grade building anchored by Sparke Helmore, having a central core with open, efficient and flexible floor plates. Situated within the Honeysuckle Precinct that is home to a number of highprofile corporate and government tenants including Nine Entertainment, Southern Cross Austereo, KPMG, EML, NIB Health Funds, GHD, QBE Insurance and Hunter Water. The building boasts new end-of-trip facilities, secure car parking and bicycle storage, as well as the immediate proximity to Newcastle’s light rail and Interchange, ensuring easy accessibility to the building for employees and clients alike.
Peter Macadam 0402 074 159
334sqm* available now
1,004sqm* available November 2021
22 secure parking spaces available
4-Star NABERS Energy rating
New end-of-trip facilities
Adjacent to Honeysuckle light rail stop
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Newcastle & Hunter Region Property Portfolio | 15
FOR LEASE Outlines indicative only
Address Lot 2, 239 King Street, Newcastle
Heading CBD space with flexible fitout alternatives available For Sale Lease by Text The tenancy is on the ground floor and benefits from direct street access and substantial business exposure with signage opportunities to King Street. Centrally located within walking distance to the Civic Light Rail stop. Given the flexible B4 zoning, the property can accommodate a wide range of business uses from general office space to a medical facility (STCA).
Agent Michael 1 Chapman xxxx 0402 xxx 724 xxx 841
Agent Ben Robinson 2 xxxx 0402 xxx 211 xxx 392
NetIcon lettable 1 area 355sqm*
Icon Up to six car2 spaces available via rear lane
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PrivateIcon kitchenette 3 with lunchroom
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Outlines indicative only
Address Suite 1, Ground Floor, 26 Lookout Road, New Lambton
Heading Functional turn key medical space For Sale Lease by Text The subject property is conveniently located on the ground floor and perfectly positioned as the first tenancy as you enter the Newcastle Private Specialist Centre. The suite is functional, modern and ideally fitted to walk in and operate. Internally the suite comprises two large consult rooms, reception and waiting room, two toilets and kitchenette facilities.
Agent Luke Rutledge 1 xxxx 0432 xxx 741xxx 632 16 | colliers.com.au
Agent Ben Robinson 2 xxxx 0402 xxx 211xxx 392
NetIcon lettable 1 area 75sqm*
Icon 2 2 large functional consult rooms
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1 secure basement Icon 3 car space
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FOR LEASE
FOR SALE OR LEASE
FOR SALE
EXPRESSIONS OF INTEREST
AUCTION
FOR LEASE
Outlines indicative only
Unit 2, 16 Galleghan Street, Hexham
Impressive logistics facility close to the M1 Pacific MotorFor Lease The property comprises an outstanding warehouse facility located central to the M1 Pacific Motorway and the Port of Newcastle. The warehouse is of precast panel and metal construction and features a height clearance of approximately eight metres and features part temperature controlled high bay warehousing and part ambient warehouse with rear on grade drive through capability. The facility also offers administration offices, amenities, car park and driveway areas that are suitable for B Double access. The cold storage area has freezer/chiller capability and is accessed via a temperature controlled loading dock.
Trent Robertson 0401 717 795 17 | colliers.com.au
Mark Yazbeck 0408 795 257
Impressive warehouse and logistics facility
Building area 4,481sqm*
Temperature controlled loading docks
Zoned IN3 Heavy Industrial
Truck parking and access to the rear
B Double access
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Newcastle & Hunter Region Property Portfolio | 17
FOR LEASE Outlines indicative only
Unit 1, 39 Glenwood Drive, Thornton
High exposure warehouse For Lease Located within Thornton Industrial Estate which is located just off the New England Highway with nearby access to the M1 Pacific Motorway and Pacific Highway. The property comprises a modern high clearance warehouse featuring 6m* clearance to the eaves, dual roller door access, a mezzanine storage area and air-conditioned office accommodation attached to the front of the building.
Jayson Robertson 0411 250 853
409sqm* total NLA
Dual roller door access
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High clearance warehouse
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Outlines indicative only
Unit 13, 301 Hillsborough Road, Warners Bay
Retail showroom plus warehouse storage For Lease Located in a prominent position at the top of the busy Hillsborough Road, this showroom with warehouse is positioned in the popular bulky goods and leisure precinct. The property offers on-site parking and allows easy truck access. The bright showroom is accessed via glass automatic doors and the high bay warehouse via a large roller door. There is also additional mezzanine storage.
Jayson Robertson 0411 250 853 18 | colliers.com.au
Brilliant showroom 320sqm*
High bay warehouse 213sqm*
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Massive exposure
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FOR LEASE
Suite C, Level 1, Corner Cowper & Fitzroy Street, Carrington
City fringe offices with abundant car parking For Lease The property is located in Carrington, just over the Cowper Street Bridge. Minutes to Newcastle, the property offers all the conveniences that the CBD has to offer without the parking hassles. The subject unit comprises 760sqm* of secure office accommodation including open plan work space, private offices, meeting rooms, reception area, boardroom and staff amenities.
Jayson Robertson 0411 250 853
Ben King 0415 465 969
Building area 760sqm*
Open plan office with amenities
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23 on-site car spaces
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Outlines indicative only
Unit 1, 8 Arunga Drive, Beresfield
Solid secure warehouse For Lease Secure precast concrete construction with 8m eave clearance, 671sqm* of workshop/warehouse and 182sqm* of well appointed office accommodation. Part of a two unit complex with dual access allowing for easy truck movements. Has the capacity for a 12.5 tonne overhead crane (rent adjusted). Large roller door access and located at the start of the Sydney M1 Pacific Motorway.
Jayson Robertson 0411 250 853
Net lettable area 799sqm*
Well appointed office accommodation
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Eight metre clearance
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Newcastle & Hunter Region Property Portfolio | 19
This document has been prepared by Colliers International for advertising and general information only. Colliers International does not guarantee, warrant or represent that the information contained in this document is correct. Any interested parties should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising therefrom. Please note outlines and locations on all imagery are indicative only. *All areas and figures quoted are approximate only.