A Hamilton building with a diversified income stream is expected to appeal to investors, according to Commercial Collective's Matt Kearney.
Mr Kearney is marketing the building at 70 Beaumont Street in conjunction with Deane Moore, of Moore & Moore Real Estate, through expressions of interest and described it as a "rare" offering as it combined several key real estate fundamentals.
"It's in the high-traffic area of Beaumont Street, it has rear-lane access which provides for three car parks, and you're combining residential income with commercial income, so it's a diversified income stream," Mr Kearney said.
It was built in 1993. Downstairs is The Beaumont Cafe and Bar, which is on a lease until April 2025, and there are three apartments above - one three-bedroom and two two-bedroom residences - which are all tenanted. The property comes with a PSA licence. It is currently returning around $169,105.52 per annum. Expressions of interest close on July 23. A price guide has not been disclosed.
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For lease in CBD
Two commercial office suites with adjacent ground floor car parking have been listed for lease by marketing agent Alan Tonks, of Raine & Horne Commercial.
The suites at 710 Hunter Street (unit 3 and 4) in Newcastle are 152 square metres and 168 square metres or 320 square metres combined. Being on the ground floor, Mr Tonks said the suites could suit a disability service or NDIS operation.
"Riverwalk is a boutique commercial office development featuring great exposure on the northern side of Hunter Street," Mr Tonks said.
"It is adjacent the Mercure Hotel and is easily accessible to the Honeysuckle precinct, which includes commercial office users, new residential developments and a new Little National hotel is under construction."
