529 Hunter Street Newcastle NSW 2300

Auction Wednesday 16 November at 11am on-site

Occupied by The Rum Diary Bar, the Australian Bar Awards '2021 Regional Bar of the Year', the property boasts an eccentric boutique fitout including ground floor bar, commercial kitchen with secondary bar area, external deck and designated cigar lounge on the first floor.

This freehold investment opportunity is ideally located in the centre of the Newcastle CBD, opposite the Honeysuckle waterfront precinct, between two major arterial roads Hunter Street and King Street and positioned within close proximity to the Newcastle Light Rail.

- Current net income $117,350.88* per annum plus GST
- 5 year lease term expiring 2025 + 5 year option term
- 501sqm* torrens title two-level building
- Boutique fitout with commercial kitchen
- Central location, close to Honeysuckle precinct
- Zoned B4 Mixed Use, future conversion potential (STCA)

*Approximately