Internal Ref: 8540143
Summary
Income-Producing Accommodation Property with Future Development Potential - 42 & 44 Denison Street, Hamilton East NSW being sold as going concern. Financials:Pre Tax Yield 6.0% pa on asking price,...
Location Details
42-44 Denison Street
About the Business
Income-Producing Accommodation Property with Future Development Potential - 42 & 44 Denison Street, Hamilton East NSW being sold as going concern.
Financials:
Pre Tax Yield 6.0% pa on asking price, with the expected capital growth on assets (property) combined for an expected 9.0% (+/-) total net pre-tax ROI.
A rare opportunity to acquire a well-established accommodation business and freehold property in the heart of Hamilton East. Successfully operating since 1989, this thriving guest house combines strong, consistent income with exceptional future potential.
Key Features:
- Freehold – Business and 2 x established properties offered as one package (neg)
- 13 guest rooms, communal areas, office space, pool and entertaining areas
- Shared Facilities, Include kitchen and dining, laundry and bathroom facilities
- Modern infrastructure, Full automated access, CCTV systems, Wi-Fi infrastructure and fiber to premises
- Ducted A/C throughout
- Solar upgrades completed
Two adjoining titles:
42 Denison Street 449m² & 44 Denison Street 516m² = Combined total: 965m² (approx.)
R3 Zoning
BH: 14m
FSR: 1.5:1
Buildable GFA: 1,447.5m2
Heritage: NOT Affected
Flood: NOT Affected
Highlights:
- Well-established accommodation business with excellent reputation and repeat clientele
- Prime inner-city location – close to cafes, restaurants, beaches, and Newcastle CBD
- Zoning and land size offer exciting development potential (STCA)
- Solid construction and well-maintained buildings
- Opportunity to make applications with council to expand or redevelop while maintaining current income stream
This is the perfect investment for those seeking a profitable, long-standing business with the added value of prime real estate in one of Newcastle’s most sought-after suburbs. Whether you wish to continue operating the successful guest house, redevelop the site, or explore a mixed-use opportunity, 42–44 Denison Street Hamilton East presents unmatched versatility and long-term potential.
Enquire today, Joel Pyne: 0429 080 595
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