Prime waterfront investment opportunity anchored by Meat and Grain Steakhouse hits the market in Newcastle’s Honeysuckle precinct
On behalf of valued client Doma, Colliers is proud to announce the upcoming public auction of a premier commercial investment opportunity at Lots 3 & 4, 33 Honeysuckle Drive, Newcastle, with price expectations starting from $3.25 million. Set in the heart of the city’s iconic waterfront precinct, this blue-chip asset offers investors a chance to secure a long-term income stream in one of the region’s most dynamic and desirable locations.
Anchored by the acclaimed Meat & Grain Steakhouse, the property boasts a brand-new 10-year lease with fixed 3.5% annual rent increases and a net income of $240,845 per annum (plus GST as at 26 November 2025). The lease includes two 5-year options, providing long-term security and growth potential.
Colliers Investment services Director, Luke Rutledge, highlighted, “Doma has successfully completed a premium waterfront development, while Meat & Grain has executed an equally impressive restaurant fit out. Given the robust fundamentals provided, which include a 330 sqm internal dining area, external dining spaces, and basement parking and storage, the property is strategically positioned to benefit from long-term income.”
Additionally, the asset comprises 100 sqm of external dining area and includes six secure basement car spaces and 20 sqm of storage. Located within the prestigious Huntington development, the site welcomes uninterrupted views of Newcastle Harbour and is surrounded by a vibrant mix of dining, entertainment, and commercial activity.
Michael Chapman, Associate Director, Investment Services at Colliers, commented, “Newcastle has experienced a prolonged period of limited quality investments characterised by long leases and reputable tenants. We are pleased to present this exceptional opportunity and expect significant interest from investors who have been awaiting such an asset.”
The Honeysuckle precinct continues to benefit from significant public and private investment, including the Harbour Foreshore Masterplan and the broader Honeysuckle urban renewal project, which has already attracted over $1 billion in private investment and generated more than $3 billion in economic activity.
The property will be offered for sale via Public Auction on Thursday, 21 August 2025 at 10:30am (AEST) at Dexus Place, Level 5, 1 Margaret Street, Sydney.
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