Newcastle West

789-791 Hunter Street & 5-7 Denison Street

  • For Sale

Cambridge Hotel - Freehold Acquisition Opportunity

Opportunity to take the iconic Cambridge Hotel through to its next life cycle. With an existing lease until June 2023, the hotel is strategically places with the city's growth corridor and benefits from it's close proximity to the Newcastle Interchange and bus terminal which are located directly opposite the property.

The property in it's existing form comprises a venue building with three dedicated sessions for live music, 16 rooms - student accommodation, a separate two level commercial building and 19 car spaces. The DCP allows for a potential developable Gross Floor Area of 11,650 sqm* (STCA).

- Zoned B4 Mixed Use
- Net income $267,687* pa + GST
- Site area of 1,942 sqm*
- FSR 6:1
- Height limit 60 m
- Delayed settlement period available
- Eight poker machine entitlements plus licence on title

For Sale by Expressions of Interest closing Thursday 11 February 2021 at 4:00pm (AEDT)

*Approximately

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