Art Deco Block of 4 Apartments and a Commercial Suite in a Blue-Chip Location
An exciting and totally unique opportunity to purchase an entire Art Deco block of four apartments and a ground floor commercial suite on one title in Newcastle’s oldest street.
Prominently positioned in the historic and flourishing east end of the city, ‘Carthona’ is a four-storey (plus basement) mixed use building. Within easy walking distance of the city’s working harbour and its beautiful beaches, 26 Watt Street is also surrounded by an abundance of infrastructure and a mix of residential, commercial, retail, hotel and hospitality venues.
Operating as boutique short stay accommodation, the first and second floors each feature two x one-bedroom apartments. Beautifully presented to showcase their original Art Deco features, the apartments are spacious and light-filled and offer guests an elegant retreat in the heart of the city. Tastefully furnished and with solid consistent forward bookings in place, income is immediate.
Currently vacant, the commercial suite on ground floor features a reception area, two consulting rooms/offices and a kitchenette, with toilet facilities available in the rear landing. Offering approximately 103sqm of floor space, the suite would make an attractive base for a unique retail store, boutique agency, professional, creative or any allied health business.
A beautiful terrazzo staircase links all three levels crowned by a spacious shared laundry, storeroom and two rooftop terraces. The east facing terrace is a delightful spot to relax or entertain outdoors offering city skyline views and glimpses of the harbour at the end of Watt Street.
In its current configuration, this is an exciting real estate prospect for the astute investor with solid, instant returns in a blue-chip location. Although presented in pristine original condition, there is scope to add value to the apartments with contemporary updates, and to rent out the building with five separate tenancies. Property developers may be interested in exploring options to add further accommodation or parking by increasing the height of the building in line with adjoining ‘Athcourt’ (STCA).
– Prominent four storey Art Deco building in the heart of Newcastle’s CBD
– Zoned B4 Mixed Use under the Newcastle LEP 2012 allows for a variety of uses
– The four apartments each feature a spacious living area, kitchen, full bathroom, and robed bedroom all enhanced by original Art Deco features
– All furniture and fittings included in the sale
– Financials and projected income available on request
– Parking – Short walk to Bolton Street and King Street parking stations
– Light rail – 350m to Pacific Park stop
– Newcastle Interchange Wickham – 2.6km
– University of Newcastle City Campus – 1.3km
– Nihon University Newcastle Campus – 300m
– Newcastle Courthouse – 1km
– Nobbys Beach – 1km
– Newcastle Beach – 300m
– Honeysuckle Entertainment Precinct – 1.4km
Council Rates: $4,472 approx. per annum
Water Rates: $3,030.54 approx. per annum
Internal Living Area: 420m²
Commercial Premises: 103m²
External Living Area: 95²
Total Living Area: 618m²
**Health & Safety Measures are in Place for Open Homes & All Private Inspections
**All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.