247 King Street, Newcastle, NSW 2300 | Property Value & History | OnTheHouse
 
OFF MARKET

247 King Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 796m2
Land area: 720m2
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Property Details for 247 King St, Newcastle

Building Type
Commercial
Floor Size
796m2
Land Size
720m2
Local Government
Newcastle
Lot/Plan
1/DP730535

Last Listing description (October 2018)

- The subject property is situated on the southern side of King Street between Auckland Street and Union Street, within the Civic precinct of Newcastle's CBD. The property is positioned within close proximity to Marketown Shopping Centre as well as the new inner-city University Campus and Law Courts.
- The property is currently separated into a showroom and warehouse with several offices on the second level. Offering dual street access from King Street and Gibson Street.
- The property has ducted air-conditioning to showroom, high bay lighting in the showroom, kitchen facilities in workshop area and five separate toilets.

- Rear access with two car parks.
- Total lettable area 858sqm (approx.)
- Rental: $125,000 per annum net plus GST.
- Outgoings are payable in addition to above rental, amounts to be confirmed. The Lessee will also be responsible for the Lessee s own business related operating expenses including, but not limited to, electricity, water usage, telephones, insurance, internal cleaning etc.

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Property History for 247 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$1,530,000
24 Mar 2016
Listed for Rent
$2.40k/w
23 Oct 2018
  • 10 Oct 2018
    Listed for Rent - Price not available
  • 20 Apr 2018
    Listed for Rent - Price not available
  • 24 Mar 2016
    Sold for $1,530,000
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About Newcastle 2300

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 5,213 properties. Over the last 5 years, Houses in Newcastle have seen a 24.61% increase in median value, while Units have seen a 44.05% increase. As at 31 January 2026:

  • The median value for Houses in Newcastle is $1,707,694 while the median value for Units is $1,058,221.
  • Houses have a median rent of $830 while Units have a median rent of $700.
There are currently 32 properties listed for sale, and 9 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 248 properties were sold in the past 12 months in Newcastle.

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