A unique hotel development site in Newcastle, New South Wales is being offered for sale through Knight Frank.

Located at 5-7 Fern Street, Islington, the Little Gem development site is being sold with approved plans to construct a 40-room hotel with architectural designs provided by award winning, Breathe Architecture.

Dan Barry and Brent Sinclair from Knight Frank Newcastle are marketing the property via an online auction closing at 11am on Thursday 7 July.

Mr Sinclair said this is an exciting prospect for developers interested in a hospitality venture in a prized and highly sought-after location surrounded by an abundance of local amenity.

“Little Gem aims to bring a vibrant and sustainable destination to Newcastle. The concept of the hotel has been created as a place for people to work gather and engage with the city and to do these sustainably within a zero carbon footprint.

“A commercial tenancy comprising a café and co-working space will provide amenity for hotel guests and the wider community with the hotel building itself cocooned by a stone leaf concrete façade featuring a central courtyard and open walkways.

“The site is a slender, level block and nestled between two brand new five storey buildings. Running along Fern Street will be an imposing concrete wall that, from the ground level will provide a visual and sound barrier to the train line that runs along the southern side,” he added.

The property has a total land area of 515 square metres over two titles with existing improvements comprising a weatherboard cottage that is currently leased at $15,600 per annum. The zoning is B4 Mixed Use.

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Mr Barry said the lack of hotel accommodation in Newcastle is at an all time high.

“The property offers an excellent opportunity for boutique hoteliers, developers and land bank investors to secure an asset in the heart of a thriving retail precinct.

Islington is situated on the fringe of the Newcastle CBD and boasts an eclectic feel with vast selection of stylish boutiques, quaint cafes, restaurants and pubs.

Likened to Surry Hills in Sydney’s Inner West, Islington is carving its own niche and has enjoyed substantial capital growth in recent years and is home to one of the city’s largest parks. Fern Street enjoys close proximity to Hamilton Train Station , Wickham Foreshore and the expansion of Newcastle’s West End. Other amenities include University of Newcastle City Campus and Hamilton’s popular restaurant village shopping strip.

From a design perspective the developer closely worked alongside Breathe Architecture a hotel specialist, to focus on a zero carbon offset design in a modular construction to ensure maximum efficiencies. To ensure to precinct is activated the existing approval incorporates a café and co-working space intended to engage Fern Street and provide amenity for hotel guests.  

Designed for lower operational costs using digital hotel room keys for contactless guest self-check-in. The hotel design is Modular with no underground car parking excavation which allows for cost efficient construction.

Breathe Architects are an award winning, sustainability-focused architecture practice famous for designing Paramount Hotel Surry Hills and for developing the Nightingale project.

To request a copy of the Information Memorandum please contact one of the marketing agents Dan Barry and Brent Sinclair from Knight Frank Newcastle via the contact details below.

To view the website with more information click here.

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