Iconic Post Office, Newcastle, NSW.

 

96 - 100 Hunter Street

 

Project Realisation:  $4m+

Sale Process:            Auction

CMF Appointment:   Sales & Marketing Agent

 

CMF were appointed as sales and marketing agent for what turned out to be a very important sale of a “well-loved” former Post Office Building in Newcastle’s CBD.

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This historic property had formerly been disposed of by the NSW State Government, sold to a private developer who, because of the historical significance of the building and a massive public lobby to restrict development on the site had failed to meet public expectations as to the use of the site leaving it derelict for many years.

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Eventually the owner was able to secure a D.A for the property as a pub and restaurant before offering it for sale by Auction.

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With every newspaper and television organisation from Newcastle turning up to the auction bidders were dissuaded from bidding, not wishing to reveal themselves. The property was passed in.

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Following weeks of further negotiation the property and eventually sold back to the NSW State Government following sign-off from the Minister and Director General of the Land and Property Management Authority (LPMA).

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Subsequent to the purchase of the property and entirely due to the way that we conducted negotiations with the State Government, CMF was commissioned to undertake a scoping study on behalf of the LPMA to determine the optimal use of the site moving forward. 

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