The latest research from Newcastle Cityscope shows commercial property sales in Newcastle’s CBD have decreased in total sales value.
For the quarter to September 2020, there were 14 sales at a total value of $14.6 million, compared to the 15 sales at a total value of $33.1 million in the previous quarter and also a decrease compared to the 27 sales at a total value of $28.6 million in the quarter to March 2020. 

This latest data brings the total sales value in Newcastle Cityscope to $115.8 million for the year, a decrease from the $210.9 million recorded the same time last year. 

The table below shows sales recorded in the last eight updates of Newcastle Cityscope.

Notable sales in the September 2020 update of Newcastle Cityscope include:

  • The former National Bank building, 15 Watt Street, Newcastle, a three-storey rendered brick commercial building, built circa 1920, which will be part of a future development of serviced apartments and is on a block of 805 sqm, which was bought for $4 million through Knight Frank Newcastle and
  • 990-994 Hunter Street, Newcastle West, a single-storey brick building of 250 sqm with a showroom and two shops and on-site parking for seven vehicles on a 1,350 sqm block, which was bought for $3.2 million through Ray White - Castle Hill. 
     

Properties listed as for sale in the September 2020 update of Newcastle Cityscope include:

  • The Bolton Building, 23-25 Bolton Street, Newcastle, a five-storey brick office building and a two-storey concrete car park building to rear comprising Lot 14, a 545 sqm commercial unit on level 1 with a 4 sqm storage plus a 13 sqm unit on mezzanine level 1, a 11 sqm unit on mezzanine level 2 and 98 sqm car spaces on basement level; Lot 15, a 442 sqm commercial unit on level 2 with a 4 sqm storage plus a 13 sqm unit on mezzanine level 1, a 11 sqm unit on mezzanine level 2 and 41 sqm car spaces on basement level; Lot 16, a 419 sqm commercial unit on level 3 with a 4 sqm storage plus a 70 sqm unit on the roof and 39 sqm car spaces on basement level; Lot 17, a 158 sqm commercial unit on the ground level and 104 sqm car spaces on basement level; Lot 18, a total 280 sqm commercial unit on the ground level with a 4sqm storage plus a total 138 sqm unit on the basement level; Lot 19, a 234 sqm commercial unit on the basement level and Lot 20, a 600 sqm commercial unit on the ground level plus 86 sqm car spaces on the basement level, for sale as a whole through Commercial Collective - Newcastle; 
  • 20 Denison Street, Newcastle West, a single-storey retail and industrial building comprising two showrooms and a workshop, set back from the street and a building area of 400 sqm, which is for sale by auction through Ray White Commercial NSW - Metropolitan Sydney and Ray White Commercial Newcastle and
  • 311 Hunter Street, Newcastle, a two-storey office building with ground floor retail, which is for sale via auction through Commercial Collective - Newcastle.
     

Leasing opportunities in the September 2020 update of Newcastle Cityscope include:

  • 59 Darby Street, Cooks Hill, a two-storey office building of 2,681 sqm with adjacent annex, a single-storey building and rear yard used for parking, which has office/retail space ranging from 51 to 1,500 sqm for lease through Colliers International Newcastle;
  • 130 Parry Street, Newcastle West, currently a two-storey brick office building with customer parking to the rear, which has two contiguous office floors of 1,120 sqm each in a proposed new commercial building of 4 storeys with ground floor retail for pre-lease through Colliers International Newcastle and
  • 23 Tudor Street, Newcastle West, a single-storey showroom and car yard and 212-214 Parry Street, Newcastle West, two single-storey workshops and surrounding paved land, which is used for parking and vehicle display, which together has 1,240 of showroom and office space available through Commercial Collective – Newcastle.