Top Tier Newcastle CBD Investment

18 Honeysuckle Drive, Newcastle, New South Wales 2300

Office For Sale

Expressions of Interest. EOI Date 13 Jun 2019
Land Area: 4,127.70 m2.    Floor Area: 6,524.00 m2.    

Building Class: A
Car Spaces: 129   

Description

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, Australia’s 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

Features

  • 100% leased with 6.8 year WALE
  • Modern 6,524m² building
  • Prime harbourfront location

Specifications

Zoning B3 Commercial Core under Newcaslte Local Environmental Plan 2012

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