199-201 Hunter Street,
Newcastle, NSW 2300

• Top quality CBD building comprising ground floor Banking Chambers plus 2 levels of office accommodation above.
• 5 year lease to St. George Bank Limited, expiry August 2014. 5 year option to follow.
• Long standing tenant with over 20 years of occupation.
• Fixed 5% annual rental increases.
• Lettable building area: 444m².
• Current net return: $131,145 per annum. Tenant responsible for 100% of outgoings.
• Prime position at the eastern end of Newcastle’s main commercial strip and overlooking harbour foreshore.
• Future potential for residential conversation of the top floor and rooftop. The property’s afforded rear lane access could potentially allow for garage car parking (STCA).