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

259 King Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 767m2
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Property Details for 259 King St, Newcastle

Building Type
Commercial
Land Size
767m2
Local Government
Newcastle
Lot/Plan
CP/SP68613

Last Listing description (April 2023)

Situated in Newcastle's burgeoning cultural and education precinct, the property is positioned within close proximity to the University of Newcastle's inner-city campus and the soon to be constructed 5 star Crystalbrook Collection Hotel. The site has excellent pedestrian links to the Honeysuckle waterfront, Newcastle Civic Theatre, City Hall, and the State Law Courts. Furthermore, the site is easily accessible to the new inner city light rail network, with the Civic Light Rail Stop located an easy 350m* walk from the property.

This conveniently located property offers an array of potential uses including retail, commercial, food and beverage. The existing fitout encompasses numerous perimeter offices, a sizable open plan work area, high ceilings throughout as well as a commercial grade kitchen with grease trap. The property also boasts accessible facilities and ramp access.

- Ducted air-conditioning

- Commercial grade kitchen with grease trap
- Multiple offices and meeting rooms plus reception area
- Amenities
- Disability access
- North facing aspect
- Potential for outdoor seating
- Prominent street frontage providing excellent exposure
- Access to Gibson Street
- Civic carpark close by
- Strata unit entitlement of 60%

*Approximately

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Property History for 259 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Listed for Rent
$25k/w
19 Jan 2023
  • 11 Jan 2021
    Listed for Sale Contact Agent
  • 11 Jan 2021
    Listed for Rent - Price not available
  • 31 Mar 2017
    Listed for Sale Not Disclosed
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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 5,212 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 30 properties listed for sale, and 8 properties listed for rent in Newcastle on OnTheHouse. According to Cotality's data, 246 properties were sold in the past 12 months in Newcastle.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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