18 Honeysuckle Drive Newcastle NSW 2300

Colliers International is pleased to present 18 Honeysuckle Drive, Newcastle for sale by Expressions of Interest closing 4pm (AEST), Thursday 13 June 2019.

18 Honeysuckle Drive is an A Grade, seven-level commercial building completed in 2017 that provides investors with a top tier asset featuring outstanding investment credentials. The 6,524m² building is 100% leased to a diverse list of corporate and Government tenants (7) and is well-positioned in the prominent Honeysuckle harbourfront precinct of the Newcastle CBD.

Designed to meet a 4.5-star NABERS Energy Rating and awarded a 5-Star Green Star rating the property provides purchasers with a passive asset featuring low forecasted capex and numerous high quality attributes.

The property deserves the attention of Investors seeking the following attributes:

Modern CBD office building* of 6,524m² completed in 2017 and 100% leased with WALE of 6.8 years**.
Net passing income $3,235,354 ex.GST underpinned by 7 top tier tenants including the NSW Government and a variety of corporate businesses.
Ideally located in sought after Honeysuckle precinct in Newcastle CBD, adjacent to amenities including light rail, transport interchange and the Newcastle Harbour.
Newcastle is the economic hub of the Hunter Region, Australias largest regional economy.
Minimal forecast capex requirements and significant depreciation benefits.
One of few A Grade buildings in the Newcastle CBD and designed for a 4.5-star NABERS Energy rating.
All leases benefiting from Net lease arrangements and fixed rental growth of 3.30 3.50% p.a.

With its prime location and excellent physical fundamentals 18 Honeysuckle Drive is a first-class investment opportunity.

* Building is a stratum of a larger mixed-use development
**Approximately as at 1 July 2019