279 King StreetNewcastle NSW 2300
Property Details for 279 King St, Newcastle
Last Listing description (August 2023)
100% leased to the Commonwealth Government of Australia until April 2026, 275-279 King Street comprises a two level freestanding building situated in Newcastle's cultural and education precinct of the CBD.
The property is positioned within close proximity to the University of Newcastle's inner city campus, the Civic light rail stop and the 5-star Crystalbrook Collection hotel "Kingsley" occupying the former Council Administration Centre.
- Net income $812,798* per annum plus GST
- NLA 1,944sqm*
- Future development upside (STCA)
- Three street frontages
- Quality retail and commercial office space
- 4-star NABERS Energy rating
- Unused height and FSR
*Approximately
Property History for 279 King St, Newcastle, NSW 2300
- 31 Jul 2023Sold for $9,000,000
- 10 Feb 2023Listed for Sale Contact Agent
- 17 Mar 2020Listed for Sale Contact Agent
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 12.45% increase in median value, while Units have seen a 36.18% increase. As at 31 May 2026:
- The median value for Houses in Newcastle is $1,808,219 while the median value for Units is $1,067,517.
- Houses have a median rent of $730 while Units have a median rent of $750.
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