To enquire, please email or call 1300 815 051 and enter code 2276
LIVE/BUSINESS or INVESTMENT OPPORTUNITY. A 3-Storey Building for express of Interest" Owner-occupied Commercial/Residential property in a great location at the heart of Newcastle East CBD. The residential part was built in 2005 all D/A approved with a large 240 m2 Three-bedroom apartment and another one-bedroom self contained apartment. The commercial premises is 120m2 designed and approved for a small restaurantor cafe/Bar Semi Kitchen can have seating available outside . Fantastic location right in the heart of Hunter street Newcastle off darby st. Close to Honeysuckle, Beaches, Cafes, Restaurants and Public transport. The relative rental income on this building is around $85,000 annually and by August 2021 will be close to $90,000 annually. All residential are leased by room rentals leases and the commercial part is leased on a 2x2 option due in JAN 2022. Looking for express interest parties can show the property for viewing.
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 15.85% increase in median value, while Units have seen a 35.82% increase. As at 30 April 2026:
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