BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Secure Investment with 7 year lease\nRenowned Newcastle hospita lity venue "Ginger Megs" has been a long-standing occupant of this propert y since 2017 which is now being offered for sale with a secure lease in pl ace.\n\nOriginally a theatre building\, the premises underwent a high-qual ity\, state-of-the-art transformation upon the tenant's occupation\, creat ing the vibrant\, modern restaurant it is today. The result is a striking hospitality asset with strong street presence and excellent functionality. \n\nKey Features:\n\n- Architecturally unique bar and restaurant fit-out a cross two expansive levels\n- Lift access to the first floor\n- Strong net income of $232\,000 per annum\n- Outgoings paid by the tenant\n- Secure l ease structure: 7 + 5 + 5 years commenced 15 July 2026\n\nThe property is backed by an experienced hospitality group\, also responsible for other we ll-known Newcastle venues including "Surfhouse" and "Parry Street Garage"\ , further underpinning tenant strength.\n\nPositioned in the heart of the Newcastle CBD\, the asset sits within a thriving hospitality precinct surr ounded by popular venues such as The Lucky\, Light Years\, Meet\, Foghorn and the George Darby Hotel.\n\nThis is a true "set and forget" investment opportunity\, combining a premium hospitality fit-out\, proven operator\, and strong lease in one of Newcastle's most tightly held locations. DTEND:20261007T190000 DTSTAMP:20260902T070610Z DTSTART:20261007T180000 LOCATION:Openn Negotiation SEQUENCE:0 SUMMARY:Auction: 212 King Street\, Newcastle NSW UID:CRE-2021122561-Auction X-ALT-DESC;FMTTYPE=text/html:

Secure Investment with 7 year lease < br/> Renowned Newcastle hospitality venue "Ginger Megs" has been a long-st anding occupant of this property since 2017 which is now being offered for sale with a secure lease in place.

Originally a theatre buil ding\, the premises underwent a high-quality\, state-of-the-art transforma tion upon the tenant's occupation\, creating the vibrant\, modern restaura nt it is today. The result is a striking hospitality asset with strong str eet presence and excellent functionality.

Key Features:

- Architecturally unique bar and restaurant fit-out across two exp ansive levels
- Lift access to the first floor
- Strong net in come of $232\,000 per annum
- Outgoings paid by the tenant
- S ecure lease structure: 7 + 5 + 5 years commenced 15 July 2026

The property is backed by an experienced hospitality group\, also respons ible for other well-known Newcastle venues including "Surfhouse" and "Parr y Street Garage"\, further underpinning tenant strength.

Posi tioned in the heart of the Newcastle CBD\, the asset sits within a thrivin g hospitality precinct surrounded by popular venues such as The Lucky\, Li ght Years\, Meet\, Foghorn and the George Darby Hotel.

This i s a true "set and forget" investment opportunity\, combining a premium hos pitality fit-out\, proven operator\, and strong lease in one of Newcastle' s most tightly held locations.

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