One of the largest city-fringe industrial landholdings to come to market in Newcastle in recent years has been listed for sale, with 111 Bourke Street and 90 Gipps Street, Carrington offered via Expressions of Interest.
Spanning a substantial 1.68 hectares* with an impressive 156.3-metre frontage to Bourke Street, the property stands out in a tightly held market typically characterised by smaller, fragmented industrial sites.
The offering includes 8,386sqm* of high-clearance warehouse, office and light industrial improvements, spread across 11 tenancies, and generates a strong net income of $825,236.61 per annum plus GST.
Positioned on the doorstep of the Newcastle CBD and moments from the Port of Newcastle, the asset benefits from exceptional connectivity to key transport and freight networks, making it highly attractive to logistics, trade and industrial occupiers.
With approximately 50% site coverage, the property provides significant flexibility and medium to long-term upside. Investors and developers may look to refurbish, reposition or unlock further value through staged development (STCA), capitalising on the scale of the landholding and its E4 General Industrial zoning.
Industrial opportunities of this size and proximity are increasingly rare, particularly within established inner-city precincts such as Carrington, where supply remains tightly constrained.
Byrne Tran, Co-Founder and Head of Sales & Leasing at Commercial Collective, said Newcastle’s continued evolution is driving sustained demand for industrial assets.
“Newcastle continues to benefit from major infrastructure investment, population growth and economic diversification. As the city evolves, demand for well-located industrial and logistics space continues to increase,” he said.
“However, supply across inner-city precincts remains limited, with competing land uses and a lack of new development opportunities restricting availability.”
Benjamin Morello, Associate Director at Commercial Collective, added that large-scale consolidated sites are becoming increasingly difficult to secure.
“Industrial land near the CBD is tightly held, and most sites in Carrington were subdivided decades ago. Opportunities of this scale are exceptionally rare and continue to attract strong investor competition,” he said.
With strong holding income, scale, and future development potential, the Carrington offering presents a compelling opportunity for investors seeking exposure to one of regional NSW’s most tightly held industrial markets.
The property is being offered for sale via Expressions of Interest, closing 7 May 2026 at 4:00pm (AEST).
