The property is situated on the centre of Perkins Street, Newcastle, opposite the new apartment complex "Eastend". With less than 65m to the start of the famed "Hunter St Mall", this location has consistent heavy foot traffic and will be expected to be an even busier suburban/commercial hub after current construction is completed.
This two-story commercial building has a history of mixed business, retail and bar/restaurants and is surrounded by similar businesses in the area.
Upstairs comprises of side lane access to Theatre Lane, 2 toilets and a large commercial/retail space.
Downstairs comprises of a wide commercial frontage with 2 kitchen areas, commercial/retail space, 2 outside toilets and back access to Theatre Lane.
Internal stairs with top floor and bottom floor separate doors.
Newcastle Council Rates: $12,104.00
Hunter Water: $870.00 plus usage
Insurance: $1,955.00
Total Outgoings Estimate: $14,929 + GST
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:
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