175-181 King Street, Newcastle, NSW 2300

Offices

Sold Contact Agent

  • Property ID: 432466
  • Floor Area: 49m²
  • Land Area: 49m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 05/07/2023 49m2 49m2 Contact Agent
GREAT LITTLE INVESTMENT OPPORTUNITY – NEWCASTLE CBD

This quaint food approved premises is home to an Italian themed Deli / Charcuterie business and is positioned in the heart of Newcastle CDB right near the Crown Street tram station.

With the tenant only half way through a (5) year lease, this unique strata lot provides a brilliant opportunity for investment at entry level price point.

Current net return of $38,943 with the tenant also paying all of the outgoings.

For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Final bidding stage closes Wednesday 5 July @6pm. Contact Jason Morris immediately to become qualified and avoid disappointment.

Newcastle Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $12000 --- ---
Retail --- $216 ---
Offices $4503 $394 8.76%
This is the average advertised price, rent and yield for Newcastle, NSW 2300*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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