This property is well located in Newcastle's east end retail precinct, a prime position within the Newcastle CBD. Situated within close proximity to the light rail (50m approx.), harbour foreshore (200m approx.), Iris Capital Redevelopment (300m approx.), Newcastle Law Court and University of Newcastle New Space (500m approx.).
This two storey brick freehold building is now available for sale or lease by EOI; each level comprises a net lettable area of 175 square metres (approx.) with grease trap facilities, plenty of power and additional access from rear laneway.
The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of 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 5,228 properties. Over the last 5 years, Houses in Newcastle have seen a 11.21% increase in median value, while Units have seen a 37.90% increase. As at 31 March 2026:
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