1/259 King StreetNewcastle NSW 2300
Property Details for 1/259 King St, Newcastle
Last Listing description (March 2020)
- The property is situated on King Street within the Civic Precinct of Newcastles CBD which is undergoing substantial growth and development. Such development includes the recent opening of the CBD Uni campus, the Newcastle Law Court and various other commercial and residential projects.
- Comprising a ground floor tenancy, this caf ready shop includes a Grease Trap and Exhaust provisions as well existing kitchen infrastructure all in situ. The property also benefits from the opportunity for extensive outdoor seating (STCA).
- The property offers ample signage opportunity, natural light and exposure on one of Newcastles major thoroughfares
being King Street.
- Total lettable area 200sqm (approx.) with options up to 713sqm*
- Rental - $65,000 per annum gross plus GST
- Outgoings are included in the above rental. The Lessee will be responsible for the Lessees own business related operating expenses, including but not limited to, internal, cleaning, telephones, power, water usage, air conditioning maintenance, etc.
*Approximate
Property History for 1/259 King St, Newcastle, NSW 2300
- 21 Feb 2022Sold for $1,250,000
- 28 Oct 2019Listed for Rent - Price not available
- 23 May 2019Listed for Rent - Price not available
Recent sales nearby
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About Newcastle 2300
The size of Newcastle is approximately 4.9 square kilometres. There are 25 parks, covering nearly 10.5% of the total area. The population of Newcastle in 2016 was 2753 people. By 2021 the population was 3852 showing a population growth of 39.9% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation.In 2021, 44.20% of the homes in Newcastle were owner-occupied compared with 45.70% in 2016.
Newcastle has 5,237 properties. Over the last 5 years, Houses in Newcastle have seen a 7.11% increase in median value, while Units have seen a 27.76% increase. As at 31 July 2026:
- The median value for Houses in Newcastle is $1,771,966 while the median value for Units is $1,046,831.
- Houses have a median rent of $730 while Units have a median rent of $750.
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