153 Young Street, Carrington, NSW 2294

Offices | Hotel/Leisure | Medical

For Sale Contact Agent Under Offer

  • Property ID: 436198
  • Floor Area: 639m²
  • Land Area: 960m²
  • Occupancy: Vacant
Approved Accommodation Facility - Selling by Tender

Starting life as the Cosmopolitan Hotel under the Tooth's banner, this DA approved (22) guest facility could be used as a boarding house, hostel, student accommodation, motel, corporate office, or just a grand old house subject to Council or Certified Approval.

In reasonable condition the owners have had it upgraded to meet current fire and safety standards and have provide the occupation approval for a Class 3 Building under the BCA.

"What is a Class 3 building in NSW?
CLASS 3: Residential building other than a Class 1 or 2 building, which is for the accommodation of unrelated people, includes, boarding house, guest house, hostel, backpackers or hotel."

Its location in Carrington is within walking distance to the Newcastle University City Campus, Newcastle Rail Interchange and major employment centres such as the NSW Government offices in Newcastle West, Newcastle City Councils administration centre, THALES ship maintenance facility.

Built on the corner of Davall and Young Streets it dominates the corner with high facades. The ground-floor comprises training rooms, accommodation rooms, bathrooms, kitchen and dinning as well as an open court yard. Whilst the first-floor has a lounge / common room, accommodation rooms and bathroom.

Carrington Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4091 --- ---
Offices $5008 --- ---
Industrial $6696 --- ---
This is the average advertised price, rent and yield for Carrington, NSW 2294*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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