Redevelopment brings major business to eastern CBD
Opened in early 2014, Watt Street Commercial is well located on the corner of King and Watt Streets, at the east end of Newcastle CBD. The property features over 7,500 sqm of A-Grade office space, just a short distance from Newcastle Beach and the Harbour Foreshore.
With Newcastle East’s fashionable restaurant and cafés on its doorstep, and adjacent to the Novotel Hotel, the property is situated just a short stroll to public transport (including the new light rail line), Hunter Street Mall and the new beachside Arena residential development.
Watt Street Commercial has been completely refurbished inside and out and delivers first class office accommodation over six levels, along with a theatre, secure on-site parking, bicycle storage, Bacino café and an impressive double volume entry foyer. The new plaza style entry on Watt Street features a landscaped courtyard and outdoor seating areas to enjoy lunch or a coffee.
Watt St Arc, a catered 200 seat tiered theatre located within the building, features a 6 metre projection screen and is now servicing the Newcastle corporate and entertainment market.
The refurbishment has followed environmentally sustainable design principles achieving 4.5 Star NABERS & 4 Star Green star ratings, and featuring a living green wall located in the entry foyer. Watt Street Commercial has a quality tenant list including law firm Moray & Agnew, accountants PricewaterhouseCoopers, Maxim and Forsythes, real estate agent PRD, environmental consultants ERM, Guild Insurance and NSW Pathology.
The office building is now 90% leased and there are only two office spaces remaining. The remaining spaces located on the third and fourth floors are available to be leased with areas of 470 sqm and 320 sqm respectively, and feature on-site parking and an enviable beachside location.
“I am extremely proud of our redevelopment of this iconic Newcastle building. It is great to see our beautiful CBD finally coming back to life,” said Keith Stronach, Stronach Property.