Grand Central Apartments Newcastle – is located in the Heart of Newcastle’s revitalised CBD – Grand Central Apartments will offer 51 managed one and two bedroom units and 12 luxury 3 bedroom and penthouse units all within walking distance of all of Newcastle attractions and offering outstanding views. Development itself is an outstanding example of urban redevelopment incorporating the latest in building design while maintaining the heritage look and facade of Newcastle Historic Terminus Hotel.
Unlike any managed apartments that remained zoned as tourist accommodation, and have permanent restrictions in respect of owner occupation, Grand Central Apartments have no restrictions whatsoever.
If you were to locate a managed apartment building in Newcastle's CBD, could you choose a better spot than this? Grand Central Apartments are located opposite historic Newcastle railway station, the stunning harbour, a short stroll to Newcastle beach and only a block away from GPT's proposed major inner city retail redevelopment.
Grand Central Apartments are destined to become one of Newcastle's landmark developments by retaining the iconic building facades of the Terminus Hotel and the South British insurance building. These facades will be restored and integrated into the new construction, combining the city's architectural heritage with a modern 4.5 star hotel. Grand Central Apartments will contain two retail shops plus the managed apartment reception at ground level, 51 managed apartments on levels one through seven, and luxury residential apartments on levels five through eight. The developer, Pacific Lifestyle Resorts (PLR), is selling apartments in both the managed and residential sections. PLR has granted CONSTELLATION HOTEL GROUP (CHIFLEY) rights as manager of up to 51 managed apartments. Unlike many managed apartments that remain zoned as tourist accommodation (and have permanent restrictions in terms of owner occupation), Grand Central Apartments have no restrictions whatsoever.
You can opt in or out of the agreement at any time and move in, or control your apartment as you would with any other residential investment property. The managed apartment operator does not have that 'opt out' option, however, and remains bound by the agreement.