Property Details for 5 King St, Newcastle
Last Listing description (June 2019)
Premium location in the heart of the restaurant and entertainment precinct of Newcastle CBD this property presents an opportunity to capitalise on the significant residential gentrification and convenience of the new Light Rail network. FogHorn Brewhouse was placed in the top 5 Brew pubs in Australia for three consecutive years and has a diverse income stream through functions, wholesale beer sales, brewery tours and different events.
- Net income $297,849 per annum*
- Dual street frontages to Darby Street and King Street
- Redevelopment potential (STCA) medium term with Maximum FSR 2.5:1 and Maximum Height of 17 metres (five storeys)
- High exposure to Hunter Street light rail corridor
- Opportunity to capitalise on the significant residential gentrification and convenience of the new light rail network
- Close proximity to the expanding University of Newcastle NeW Space and stage two expansion in Honeysuckle
FOR SALE
By Expressions of Interest closing Thursday 16 May 2019 at 4:00pm
Property History for 5 King St, Newcastle, NSW 2300
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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.
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