175-181 King StreetNewcastle NSW 2300
Property Details for 175-181 King St, Newcastle
Last Listing description (July 2023)
This quaint food approved premises is home to an Italian themed Deli / Charcuterie business and is positioned in the heart of Newcastle CDB right near the Crown Street tram station.
With the tenant only half way through a (5) year lease, this unique strata lot provides a brilliant opportunity for investment at entry level price point.
Current net return of $38,943 with the tenant also paying all of the outgoings.
For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Final bidding stage closes Wednesday 5 July @6pm. Contact Jason Morris immediately to become qualified and avoid disappointment.
Property History for 175-181 King St, Newcastle, NSW 2300
- 13 Jun 2023Listed for Sale Contact Agent
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 5,235 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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