BULL ST @ NEWCASTLE WEST

BULL ST @ NEWCASTLE WEST 125 BULL STREET, NEWCASTLE WEST, NSW The repositioning of the Tonella Commercial Centre at 125 Bull Street, Newcastle West, has revitalised this key asset. Located in Newcastle’s emerging commercial hub, the 2,770m² site with a 3,320m² building remained fully occupied during its transformation, benefiting from the area’s rise as the new CBD. Upgrades included improvements to common areas, the lobby, bathrooms, and the addition of end-of-trip facilities and a lift. The property’s 47 on-site parking spaces give it a competitive edge in a market where parking is crucial. During the re-positioning, Multipart increased the gross rent return from $587,112.48 to $1,061,706, which is an 80.84% increase in rental return through this process.