Newcastle and Hunter region
Commercial and Industrial OPPORTUNITIES
We are pleased to share the latest quarterly edition of our Commercial Collection, outlining a range of premium commercial and industrial property opportunities currently available for sale and lease.
With continued interest rate increases firmly in the mind of many, the impact is starting to be felt.
As a result, the real estate market remains in a state that has not been seen since prior to COVID-19. Liquidity and cost to service debt is a key driver in positions being adopted across the board. With the macro-economic environment continuing to provide challenges, owners, investors, and purchasers are all seeking new avenues of information to firm their decisions about timing and affordability in the long-term which is leading to a longer lead time for many transactions.
The commercial and industrial property market is often bolstered by a longer-term approach which we continue to see in the Newcastle and Hunter region. Regional markets such as Newcastle are continuing to perform strongly with capital city-based clients now focussing on Newcastle and the Hunter region as viable opportunities for commercial and industrial property investments. Investor confidence within Newcastle and the Hunter remains buoyant with the region being considered an affordable, low risk and lower cost base market, especially when compared to the rest of the nation. Newcastle’s diversified market opportunities through the local industries of coal, manufacturing and health in particular, further cement this sentiment providing one the most stable and resilient economies in Australia. Adding to this, government investment and key infrastructure projects including the Airport upgrade are supporting the local commercial real estate market as a solid investment location.
The industrial sector continues to be a standout, with high demand and low levels of stock availability providing stability in values and yields for prime grade assets. Commercial Collective are seeing many large-scale businesses using this time in the market to upsize, upgrade and find new property opportunities to expand their services.
Our Health, Aged Care and Retirement division is showing ongoing growth in both property opportunities and enquiries, with many investors seeking opportunities possessing recurrent income. This has been highlighted by the number of transactions Commercial Collective have facilitated to qualified buyers.
We continue to see stability in our transactions and enquiries with many of our clients benefitting from consistent yields from their transactions. Our experienced sales and leasing team are always happy to discuss any questions you have about the commercial and industrial market and the opportunities available to you.
Dane Crawford Partner | CEO
For Sale Opportunities
Bluewater Close Taylors Beach
Suite 7, 158 Pacific Highway Charlestown
Auction Wednesday 21 June 2023 at 11am online
Prime opportunity for office or medical use (STCA)
CONTACT
NLA 98sqm* Four car spaces
Jacob Siever 0481 553 762 Isaac Reville 0401 468 759
*Approximately
Need help finding a commercial or industrial property? Tell us your property requirements and we’ll find the right property for you. Request a call
Lease Opportunities
5 Elwell Close Beresfield
555 High Street Maitland
THE TOWER CINEMAS NEWCASTLE
Newcastle’s first Cinema complex, Tower Cinemas, was originally built in 1976 with many Novocastrians flocking to the venue, it was common to have to queue to see a movie. Tower Cinemas was named for the navigational signal beacon on the hill immediately behind the site. After 42 years in business, the cinemas closed their doors permanently in 2018. The iconic building’s ground floor is now available for lease as the ideal location for a recreational type business with the Newcastle urban redevelopment that is bringing growth to the
A Grade medical suite 3a, 5 Honeysuckle Drive Newcastle
High exposure shopfront in Mount Hutton Shop 5, 8 Dunkley Parade Mount Hutton
*Approximately
NEWCASTLE
Level 2, 28 Bolton Street, Newcastle NSW 2300
EAST MAITLAND
Suite 2, 13 Mitchell Drive, East Maitland NSW 2323
02 4077 5858 office@commercialcollective.com.au
DISCLAIMER
This document has been prepared by Commercial Collective using information provided to it for the transaction contemplated. Any statement or opinion made by Commercial Collective in this document is not based on any actual or implied knowledge or consideration of the investment objectives, financial situation, legal or taxation position or any other particular needs or requirements of the recipients of this document. All parties must make their own independent assessment and seek professional advice for their specific circumstances.
Neither Commercial Collective, its directors, employees, agents and related entities (Commercial Collective Entities) make any recommendation about the transaction or potential returns or use of the property. The Commercial Collective Entities do not warrant the completeness or accuracy of the information contained in this document or that it is not misleading or not likely to be misleading or deceptive.
None of the Commercial Collective Entities will be liable (whether at law, in equity or otherwise) in any circumstances for any statement made or anything contained in or arising out of the information in this document including any errors, misrepresentation or omissions. Commercial Collective disclaims all responsibility for any loss or damage caused by reliance by any person on this document or any representation, warranty or statement made by or on behalf of any of the Commercial Collective Entities.
This document is confidential and provided for the sole use of persons given it directly by Commercial Collective. It may not be reproduced, disclosed or circulated to any other person without the express written consent of Commercial Collective. All property outlines and locations indicative only.
ACKNOWLEDGEMENT OF COUNTRY
Commercial Collective pay our respects to the traditional owners, their elders past and present and value their care and custodianships of these lands. Commercial Collective is a proud Newcastle company built on the lands of the Awabakal & Worimi people.