172 King StreetNewcastle NSW 2300
Property Details for 172 King St, Newcastle
Last Listing description (November 2017)
The property comprises a charming, three level inner city terrace building occupied by Popolo Artisan Gelataria.
The building underwent a major refurbishment in early 2016 where essential services were upgraded. The new fit out and design integrates the charm and heritage feel of the original building whilst incorporating an immaculate modern finish throughout the ground floor.
The ground floor features the display area where the gelato is showcased in glass cabinetry which then flows through to the main kitchen which is exposed by floor to ceiling glass to create a theatrical feel. A full walk-in cool room/freezer has been installed as well as a single toilet and grease trap at the rear.
A central internal staircase services the first floor where a further room is currently being utilised as a storage area.
An additional external staircase accessible by both Crown and Brown Streets provides access to the two bedroom residential apartment above.
The apartment is split over two levels and offers two external areas including an external laundry and a generous terrace style balcony. The kitchen and dining area flow out onto the balcony creating a classic indoor outdoor feel. The charming heritage of the building is consistent throughout the living area boasting high ceilings, fireplace, natural light and exposed brickwork whilst timber floors flow throughout the entire apartment. There is also a single bathroom featuring a vanity, shower and toilet as well as two loft style bedrooms with ample natural light and both comfortably accommodate king sized beds and wardrobes.
- Net Income $52,291.20 plus GST (approx.)
- Total building area 258sqm (approx.)
- Five year lease from December 2015
- Five year option through 2025
- Benefits from recent internal upgrade
- Opportunity to occupy, invest or develop
- Outstanding lifestyle amenity close to harbour, cycleways, shopping, public transport and Newcastle CBD.
- Zoned B4 Mixed Use
For Sale by Public Auction Thursday 4 May at 10.30am | Novotel, 5 King Street, Newcastle
(NA2017)
Property History for 172 King St, Newcastle, NSW 2300
- 04 May 2017Sold for $1,000,000
- 30 Mar 2017Listed for Sale Not Disclosed
- 30 Oct 2015Sold for $650,000
Recent sales nearby
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0About 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 5,233 properties. Over the last 5 years, Houses in Newcastle have seen a 15.85% increase in median value, while Units have seen a 35.82% increase. As at 30 April 2026:
- The median value for Houses in Newcastle is $1,813,018 while the median value for Units is $1,057,482.
- Houses have a median rent of $730 while Units have a median rent of $750.
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