374-376 King StreetNewcastle NSW 2300
Property Details for 374-376 King St, Newcastle
Last Listing description (May 2024)
Ray White Commercial Newcastle are delighted to present to market 374-376 King Street, Newcastle NSW 2300.
This stunning retail property is now available for sale, offering a prime location and a range of impressive features.
With a generous building area of 194m²*, this property provides ample space for your retail business to thrive. Situated in the heart of the city in a prominent position on King Street, this property benefits from its convenient location. The bustling neighborhood offers a vibrant mix of shops, cafes, and restaurants, ensuring a steady flow of foot traffic and potential customers, with the nearby office buildings and urban surroundings contributing to the property's high visibility and accessibility.
In addition, the property is being sold with Development Approval for a mixed use development, comprising of a ground floor commercial premise with two three-bedroom residential dwellings above.
Whether you are looking to start a new business or expand your existing one, this property offers endless possibilities.
Don't miss out on this incredible opportunity to own a prime versatile property in Newcastle. Contact us today to arrange a viewing and secure your future in this thriving city.
374-376 King Street, Newcastle, is offered for sale via Expression of Interest with a closing date of Tuesday 30th April 2024 at 5PM.
Property History for 374-376 King St, Newcastle, NSW 2300
- 17 May 2024Sold for $855,000
- 08 Mar 2024Listed for Sale EOI closing Tuesday 30th April 2024 at 5PM
- 04 Oct 2018Sold
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0About 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 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% 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 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.
Newcastle has 5,104 properties. Over the last 5 years, Houses in Newcastle have seen a 53.89% increase in median value, while Units have seen a 34.03% increase. As at 31 July 2024:
- The median value for Houses in Newcastle is $1,867,207 while the median value for Units is $897,998.
- Houses have a median rent of $745 while Units have a median rent of $650.
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