Newcastle Property Portfolio Winter 2021

Page 1

Property Portfolio Newcastle & Hunter Region Winter 2021


Table of Contents Auction 04 05 06 07 08 09 10 11 12 13 14

83 Darby Street, Cooks Hill 9 Darby Street, Newcastle 23 Pacific Highway & 11 Oakdale Road, Gateshead 4-6 Fishing Point Road, Rathmines 1A Elizabeth Street, Tighes Hill 25 Cook Parade, Lemon Tree Passage 83-85 Nelson Street, Wallsend 10 Hillsborough Road, Charlestown 7 Swan Street, Hamilton 4296 & 4300 Nelson Bay Road, Anna Bay 75-77 Elgin Street, Maitland

Expressions of Interest 15 16

134 King Street, Newcastle 5 Middle Street, Forster

For Sale 17 17 18 18 19 19

54 Smith Street, Charlestown 182a Maitland Road, Mayfield Unit 4, 10 Guernsey Street, Sandgate Unit 1, 10 Prosperity Close, Morisset 22 Johnson Street, Maitland Lot 1, 114 Maitland Road, Mayfield

For Lease 20 22 22 23

14 Bulwer Street, Maitland 54 Enterprise Drive, Beresfield 213 Maitland Road, Mayfield 60 Hudson Street, Hamilton

For Sale or Lease 23

2 | colliers.com.au

793 Tomago Road, Tomago


Introduction Welcome to Colliers’ Winter 2021 Newcastle & Hunter Property Portfolio. We are excited to bring to market a range of properties across all asset classes. What a different first half of the year to what we all experienced last year! We have seen increased volumes of enquiry across all asset classes, and whilst sales volumes have remained strong, the leasing market has reemerged as businesses expand or relocate to Newcastle. Over the first six months of the year we have negotiated over 100 leases and sold over 125 properties, from $128,000 industrial units in Maitland through to the $54.885 million sale of Williamtown Aerospace Centre. We continue to see yield compression across both the industrial and commercial sector, and whilst demand remains strong from local and Sydney based investors, we have seen a notable increase in enquiry from regional NSW based investors. The strength and diversity of our economy is underpinning this investment demand, further enhanced by the Federal Government’s Newcastle Airport runway upgrade funding announcement in May. This is a great win for the region, estimated to create around 4,400 full-time jobs and

deliver an additional 850,000 visitors, with the benefits to be seen for years to come. The Industrial market continues to show significant growth, with diminishing stock of serviced industrial land coupled with a low 3.7% vacancy rate across the entire Hunter Industrial Market resulting in land value and rental growth. We trust there are great opportunities on offer for your consideration in this portfolio, and as always if you would like to discuss trends in the market and how it relates to your investment, do not hesitate to contact any of the expert team at Colliers.

Peter Macadam Director in Charge | Newcastle

Newcastle & Hunter Region Property Portfolio | 3


Mixed use investment in tightly held inner-city suburb Auction

83 Darby Street, Cooks Hill

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle Comprising a five lot strata development, built approximately 15 years ago, the property is prominently located in one of Newcastle’s best known lifestyle precincts, surrounded by some of the city’s best cafes, restaurants, bars and retailers. The building itself boasts a modern ground floor retail shop

Four x 3 bedroom Five lot strata development to be apartments plus ground floor retail sold in-one-line

Fully leased asset with strong rental upside

currently leased to Boho Luxe Trader who specialise in unique fashion, jewellery and lifestyle items. Level 1 and 2 feature four x 3 bedroom apartments in almost identical configuration. B4 Mixed Use zoning

Michael Chapman 0402 724 841 4 | colliers.com.au

Jayson Robertson 0411 250 853

Total site area 273sqm*

VIEW NOW

One of Newcastle’s best known lifestyle precincts

EMAIL AGENT


High profile investment underpinned by strong covenant Auction

9 Darby Street, Newcastle Coming to market soon!

Situated in the heart of Newcastle, benefiting from close proximity to the Light Rail network, University, the Law Courts, a number of large commercial office towers and the Honeysuckle harbourfront precinct. The property features two separate tenancies both of which have undergone enormous refurbishments throughout. Suite 1 showcases a boutique cafe/

Net income of $248,055 pa* (plus GST)

7.1 years by area as at 1 September 2021

Building area of 527sqm*

B4 Mixed Use zoning

Flexible planning controls HOB: 17m FSR: 2.5:1

King and Darby Street frontages

restaurant fitout that is vibrant with colour and life. Trading as Bangkok on Darby, the business offers a taste of traditional Thai food. Suite 2 occupies over 88% of the building area and is leased to Meet Restaurant, a brazillian churasco restaurant and bar. A local institution, Meet have completed an astonishing fitout showcasing an interactive kitchen, bar and dining areas.

Michael Chapman 0402 724 841

Luke Rutledge 0432 741 632

EMAIL AGENT Newcastle & Hunter Region Property Portfolio | 5


Fully leased investment with future development upside Auction

Outlines indicative only

23 Pacific Highway & 11 Oakdale Road, Gateshead

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The property comprises an impressive fully leased industrial holding having a total site area of 3.27ha*. Existing improvements include a warehouse of 966sqm* as well as an office component of 195sqm*. The site benefits from extensive hardstand areas and on-site parking with two covered car

Leased to Pickles Auctions Pty Ltd

Passing net rent of $261,676 per annum*

5 + 5 + 5 year lease

3.27ha* site area

1.83ha* of usable site area

Future redevelopment potential STCA

parking bays as well as a sealed and marked car park area totalling 1,137sqm*. The property also benefits from security fencing, electric gates and frontage and access from the Pacific Highway. The property is currently leased to Pickles Auctions Pty Ltd on a 5 + 5 + 5 year lease, expiring July 2023 and returning $261,676 net per annum* (plus GST).

Tim Woolf 0413 155 462 6 | colliers.com.au

Trent Robertson 0401 717 795

VIEW NOW

EMAIL AGENT


Fully leased neighbourhood shopping centre Auction

Outlines indicative only

4-6 Fishing Point Road, Rathmines For Sale by Public Auction

Situated in the Lake Macquarie suburb of Rathmines is this fully leased neighbourhood shopping centre. The property consists of 11 contiguous shops which are 100% leased to nine tenants. There are a mix of food and beverage, retail and commercial tenants with national operators including Australia Post and Century 21.

11 shops 100% leased

$191,432 net income pa* (plus GST)

Site 1,736sqm*, building 803sqm*

The property sits on a substantial land holding of 1,736sqm*, zoned B1 Neighbourhood Centre and benefits from future development scope (STCA).

Nick Christensen 0402 635 503

Peter Dodds 0412 264 244

B1 Neighbourhood National tenants Centre zoning including Australia Post & Century 21

Lakeside location with water views

EMAIL AGENT Newcastle & Hunter Region Property Portfolio | 7


Commanding freehold investment Auction

1A Elizabeth Street, Tighes Hill

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The property presents a high profile Torrens titled commercial building with 12 on-site car parks. Comprising four levels, including basement and loft levels, the property is fully leased to two tenants, being an amusement centre including cafe and retail on the ground floor, and a serviced apartment operator on the first floor. Located directly opposite the Hunter TAFE

769sqm* building area plus basement and loft

Net income $101,000 pa* (plus GST)

12 on-site car spaces

Diversified income retail/ accommodation

B1 Neighbourhood Centre zoning

Flexible planning controls

Campus, the property is well positioned to benefit from the gentrification taking place throughout the Mayfield/Tighes Hill areas.

Nick Christensen 0402 635 503 8 | colliers.com.au

Luke Rutledge 0432 741 632

VIEW NOW

EMAIL AGENT


Medical practice with new ten year lease Auction

Outlines indicative only

25 Cook Parade, Lemon Tree Passage

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The property comprises a two-storey Torrens titled building in the centre of the local business precinct. The property is leased to Family Doctor Pty Limited, a prominent medical centre operator with 44 practices across four states. The net lease expires in February 2030, with two further ten year options. The

Site area 190sqm* B1 Neighbourhood NLA 254sqm* Centre zoning

Medical fitout

building has a total net lettable area of 254sqm*, incorporating five consultation rooms, one treatment room, staff breakout area and rear lane access for emergency vehicles. Leased to a national operator

Ben King 0415 465 969

Peter Macadam 0402 074 159

10 + 10 + 10 year net lease

VIEW NOW

Idyllic location with high exposure

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 9


Torrens titled investment in suburban locale Auction

83-85 Nelson Street, Wallsend

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The subject property comprises a sought after Torrens titled investment located in the suburban hub of Wallsend. Currently 50% occupied, the property presents an excellent opportunity for an investor to lease the vacant shop and realise the full rental potential of the asset, or for an owner occupier to establish their business in the property and buy in their SMSF.

Tim Woolf 0413 155 462 10 | colliers.com.au

Luke Rutledge 0432 741 632

Net passing income of $15,599 pa* (plus GST)

160sqm* building area

Flexible B2 Local Centre zoning

379sqm* site area

Ability to owner occupy or lease vacancy

Rear access provided from Council Street

VIEW NOW

EMAIL AGENT


Medical cottage 4km* from John Hunter Hospital Auction

10 Hillsborough Road, Charlestown

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle Strategically located on one of the main arterial roads linking Newcastle and Lake Macquarie and only 4km* from the John Hunter Hospital, this functional medical cottage is suitable for a wide range of professionals. The 114sqm* building is fully serviced by ducted air-conditioning

Eight car parks at Building area 114sqm*, site area rear with detached garage 904sqm*

Medical fitout in place

and two split inverter systems. Internally the property benefits from a large reception area, open layout working area, three consulting rooms with basins in each, staff breakout area / kitchen and disabled and staff amenities.

Luke Rutledge 0432 741 632

Ben Robinson 0402 211 392

Broad scope of uses with relevant approvals

R2 Low Density Tightly held Residential zoning medical, retail and residential suburb

VIEW NOW

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 11


DA approved site in high demand suburb Auction

Outlines indicative only

Artist impression

7 Swan Street, Hamilton

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The property comprises a rare DA approved residential corner development site opportunity in the highly sought after Hamilton precinct. The current DA approval in place yields eight units with associated on-grade car parking. Existing improvements include a small office area plus two warehouses

DA approved for eight units

1 minute* to Beaumont Street

Site area 406.4sqm*

Maximum GFA 812.8sqm*

B4 Mixed Use zoning

Close connection to major transport routes

with roller door access along Hudson Street and Swan Street. The site is strategically located directly opposite Aldi and is only one minute* from Beaumont Street, one of Newcastle’s main food and lifestyle streets. The site also benefits from strong connectivity to major employment hubs with Hamilton Train Station only one minute* from the site, and major arterial road routes including Griffiths Road and Maitland Road nearby.

Nick Christensen 0402 635 503 12 | colliers.com.au

Ben Robinson 0402 211 392

VIEW NOW

EMAIL AGENT


Freehold caravan park or land lease development opportunity Auction

Outlines indicative only

4296 & 4300 Nelson Bay Road, Anna Bay

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle Currently operating as Emerald Tiki Village Caravan Park, the property is licensed for a total of 84 sites comprising 16 long term sites (LTS), 59 short term sites (STS) and nine powered sites. The property comprises two separate titles having a combined site area totalling 19,147sqm*. The detached Tiki House comprises a five bedroom manager’s residence which

Established business operation

Excellent holiday destination

Immaculate presentation and condition

Gross turnover in excess of $500,000 per annum*

Development consent approval for 70 LTS

Site area 19,147sqm*

accommodates 11 people. The property benefits from existing development consent approval for 70 LTS, a community hall, machinery shed and manager’s residence.

Mark Yazbeck 0408 795 257

Peter Macadam 0402 074 159

VIEW NOW

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 13


Maitland CBD landbank or owner occupier opportunity Auction

Outlines indicative only

75-77 Elgin Street, Maitland

For Sale by Public Auction, Thursday 9 September 2021 at 10.30am, Ground Floor, 18 Honeysuckle Drive, Newcastle The property comprises two adjoining lots within the CBD of the fastest growing regional LGA of NSW. Benefitting from significant Elgin Street frontage as well as rear lane access, the site offers ultimate flexibility for an owner occupier along with future development opportunities. Existing improvements include a renovated warehouse with additional storage to the

756sqm* combined site area

Two adjoining lots to be sold in-one-line

R1 General Residential zoning

110sqm* office accommodation + additional storage

Elgin Street and Napoleon Lane frontage

DA Approval for 10 residential units lapsed June 2021

rear allowing the property to be occupied or leased whilst undertaking planning approvals.

Nick Christensen 0402 635 503 14 | colliers.com.au

Luke Rutledge 0432 741 632

VIEW NOW

EMAIL AGENT


Strategic value-add asset in Newcastle’s East End For Sale

134 King Street, Newcastle

For Sale by Expressions of Interest closing Thursday 26 August 2021 at 4pm The property provides a freehold asset with enormous repositioning potential, prominently located on a corner site opposite Iris Capital’s East End project. The property comprises office accommodation over four levels, with an additional enclosed rooftop meeting/function area and alfresco terrace.

Dominant corner site on King and Perkins Streets

Existing NLA of 1,880sqm*

19 basement car spaces accessed off Perkins Street

3.5-star NABERS energy rating

Enclosed rooftop and alfresco area

Total site area of 588sqm*

VIEW NOW

EMAIL AGENT

The building benefits from upgrades in 2016 including a new passenger lift and air-conditioning plant. The property provides the opportunity to re-purpose the built form to alternate uses permissible under the flexible B4 Mixed Use zoning (STCA), including strata conversion.

Peter Macadam 0402 074 159

Michael Chapman 0402 724 841

Newcastle & Hunter Region Property Portfolio | 15


Coastal NSW tourist accommodation park For Sale

Outlines indicative only

5 Middle Street, Forster

For Sale by Expressions of Interest closing Thursday 9 September 2021 at 4pm The property operates as the Forster Holiday Village, comprising 17 fully self contained cottages situated on a 5,058sqm* site. Accommodation comprises a combination of neatly presented two and three bedroom cottages. Ancillary improvements include a heated inground pool, BBQ areas, playground

Positioned on a 5,058sqm* site

Established business operation

Mid North Coast holiday destination

High occupancy rate

Potential for further development

Gross turnover in excess of $660,000 per annum*

and tennis court set on immaculately maintained grounds. Established business generating a gross turnover in excess of $660,000 per annum*. The property is situated on a regular shaped expansive site zoned R3 Medium Density Residential.

Mark Yazbeck 0408 795 257 16 | colliers.com.au

Peter Macadam 0402 074 159

VIEW NOW

EMAIL AGENT


Refurbished medical cottage For Sale

54 Smith Street, Charlestown

For Sale by Private Treaty for $895,000 (plus GST) Located in Charlestown’s medical precinct, the property comprises a quality medical fitout featuring reception area, consultation rooms, amenities and staff breakout area. Ideal for owner occupiers being surrounded by medical related businesses and moments from Charlestown Square.

Nick Christensen 0402 635 503

R3 Medium Building area 158sqm*, site area Density Residential zoning 449sqm*

Luke Rutledge 0432 741 632

VIEW NOW

Five secure car parks

EMAIL AGENT

Torrens titled commercial opportunity in gentrifying Mayfield For Sale

182a Maitland Road, Mayfield

For Sale by Private Treaty for $1,400,000 (plus GST if applicable) The subject property is strategically located in the high growth precinct of Mayfield. A rare freestanding owner occupier opportunity, the property offers flexibility with the ground floor currently vacant and the first floor leased to Workskil Australia on a three year lease, returning $35,000* net pa (plus GST).

Nick Christensen 0402 635 503

Luke Rutledge 0432 741 632

Building area 505sqm*

B2 Local Centre zoning

VIEW NOW

Off-street parking via Nile Street

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 17


Warehouse unit ready to go For Sale

Unit 4, 10 Guernsey Street, Sandgate

For Sale by Private Treaty $675,000 (plus GST) if applicable The property is located within the established Sandgate Industrial Estate, just 10 minutes* to the M1 Pacific Motorway. Comprising a strata warehouse unit of brick construction with separate amenities, four carparks and access via a wide bitumen paved driveway.

Trent Robertson 0401 717 795

Four on-site car spaces

Mark Yazbeck 0408 795 257

Building area 268sqm*

VIEW NOW

10 minutes* to the M1 Pacific Motorway

EMAIL AGENT

Quality industrial investment opportunity For Sale

Unit 1, 10 Prosperity Close, Morisset

For Sale by Private Treaty for $1,140,000 (sale of a going concern) This new freestanding industrial unit is leased to INM Enterprises Pty Ltd until Nov 2025. The tenant pays 100% of outgoings and annual rental increases of 3.25%. The building boasts great internal clearance, access and parking for a unit of this size.

Ben Curran 0401 208 088 18 | colliers.com.au

5 + 5 year lease until November 2025

Net rent $61,950 per annum* (plus GST)

VIEW NOW

Building area 382sqm*

EMAIL AGENT


Modern industrial units adjacent to Bunnings Maitland For Sale

22 Johnson Street, Maitland For Sale from $179,000 (plus GST)

The complex benefits from drive around vehicle access, separate driveway access off Johnson Street and right of way through the neighbouring Bunnings complex. This business and trade complex provides an ideal opportunity to acquire high quality premises with flexible zoning to suit a range of uses.

Tim Woolf 0413 155 462

Units ranging from 60sqm*

Ben King 0415 465 969

Due for completion September 2021

VIEW NOW

Neighbouring Maitland Bunnings

EMAIL AGENT

Highly exposed boutique suite in growth area For Sale

Outlines indicative only

Lot 1, 114 Maitland Road, Mayfield

For Sale by Private Treaty for $430,000 (plus GST) The subject property is strategically located in the high growth precinct of Mayfield and benefits from its exposure to Maitland Road. The suite has been recently refurbished and comprises high ceilings, polished timber floorboards, renovated bathroom and kitchen facilities and an abundance of natural light.

Luke Rutledge 0432 741 632

Ben Robinson 0402 211 392

Internal area 83sqm*

B4 Mixed Use zoning

VIEW NOW

Located within high growth precinct

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 19


High grade commercial space For Lease

14 Bulwer Street, Maitland For Lease

Positioned within the heart of the Maitland CBD, “CBD Central” is Maitland’s newest commercial centre. The property comprises 2,100sqm* of fully refurbished commercial accommodation over two levels, with 54 car parking spaces. Areas can vary in size to suit tenancy requirements and feature separate amenities, kitchen facilities and are presented as a warm shell fitout. The

Positioned within the heart of the Maitland CBD

54 car parking spaces

Areas from 200sqm* to 975sqm*

Brand new office space for corporate tenants

Natural light throughout

Fully accessible ramp access and internal lift

property has over 60% pre-commitment with anchor tenants including Government Property NSW on the ground floor and Macmillans Accountants taking part of Level 1. Located 30 minutes* from Newcastle, on the banks of the picturesque Hunter River, the charming city of Maitland and its surrounds make for a viable alternative to Newcastle.

Nick Christensen 0402 635 503 20 | colliers.com.au

VIEW NOW

EMAIL AGENT


Retail Leasing The Station, Scott Street, Newcastle Since May this year, Colliers has partnered with Hunter and Central Coast Development Corporation (HCCDC) to curate an activated and revitalised retail precinct at one of Newcastle’s most iconic locations, The Station. The vision for the site was to once again bring The Station as a destination for the communities of Newcastle, to attract families and visitors to the city and to activate the unique precinct during the week and on the weekends with high quality events, experiences and retail. Through a tailored marketing campaign and leveraging on the retail expertise of Luke Rutledge and Michael Chapman, The Station will reach 100% occupancy come September this year with the final retailer taking possession of their tenancy. The tenancy mix comprises a fantastic collection of local businesses including a manufacturing jeweller, children’s fashion boutique, homewares and crafts, café, art gallery and photography gallery. Offering new landscaping, a kids corner (soon to be constructed), scooter track and regular events, The Station is quickly becoming a destination for the visitors and people of Newcastle.

Property at your fingertips Our Property Portfolio brings you our most recent on-market opportunities. Whether you are looking for your first property to lease or adding to your investment portfolio, subscribe today to receive this direct to your inbox and never miss another opportunity.

Subscribe Newcastle & Hunter Region Property Portfolio | 21


Outstanding warehouse facility with office and large awning For Lease

54 Enterprise Drive, Beresfield For Lease

Comprises a substantial warehouse and office building with a large awning. The warehouse benefits from excellent access, undercover loading and glazed office section in front of the warehouse including an open plan area and partitioned manager’s office with ducted air-conditioning.

Partitioned offices ready to go

Trent Robertson 0401 717 795

Building area 1,467sqm*

VIEW NOW

Additional awning of 450sqm*

EMAIL AGENT

Mixed use in Mayfield For Lease

Outlines indicative only

213 Maitland Road, Mayfield For Lease

The property is located on the busy Maitland Road, Mayfield on the corner of Burton Street, being 150m* west of Hanbury Street. Situated 15km* east from the Sydney M1 Motorway and 5km* west from the Newcastle CBD, the property is conveniently positioned in an easily accessible and high exposure location.

Jayson Robertson 0411 250 853 22 | colliers.com.au

Building area 285sqm* plus awning

Site area 1,031sqm*

VIEW NOW

B4 Mixed Use zoning

EMAIL AGENT


Functional facility in CBD fringe suburb For Lease

60 Hudson Street, Hamilton For Lease

Comprises a well located warehouse and office facility situated on a 1,653sqm* site on the northern side of Hudson Street, at the intersection with Samdon Street. The building provides an 1,653sqm* lettable area

air-conditioned warehouse with multiple offices on the ground floor, together with a first floor office, staff room and amenities.

Michael Chapman 0402 724 841

Tim Woolf 0413 155 462

41 secure on-site car spaces

Strategic location close to arterial roadways

VIEW NOW

EMAIL AGENT

Tomago Road industrial units x nine For Sale or Lease

793 Tomago Road, Tomago For Sale or Lease

Located on the busy Tomago Road within close proximity to the M1 Pacific Motorway, Pacific Highway and Newcastle CBD is this high bay industrial unit complex. This superior development by ATB Morton Pty Ltd is due for completion in September 2021 and will be anchored by Shell Service Station.

Jayson Robertson 0411 250 853

Good truck access to each unit

5m* high roller doors

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6m* to 8m* eave clearance

EMAIL AGENT

Newcastle & Hunter Region Property Portfolio | 23


Colliers does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. Colliers excludes all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from. *All areas and figures quoted are approximate only.


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