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5-7 Darby Street & 218 King Street
Newcastle NSW 2300
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Sold on 7 Jun 2019

5-7 Darby Street & 218 King Street Newcastle NSW 2300

  • Shop & Retail
  • 1,277 m²
  • Sold

100% Leased CBD Investment

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
- 100% leased to FogHorn Brewhouse and Mavericks Sports Bar
- 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 Highlights

Date Sold7 Jun 2019
Floor AreaAsk Agent
Land Area1,277 m²
ParkingAsk Agent
Property ID2015178027
Category
Last updated  11 Jun 2019
Map for 5-7 Darby Street & 218 King Street Newcastle NSW 2300

Nearest transport* to 5-7 Darby Street & 218 King Street Newcastle NSW 2300

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Ferry
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Property Highlights

Date Sold7 Jun 2019
Floor AreaAsk Agent
Land Area1,277 m²
ParkingAsk Agent
Property ID2015178027
Category
Last updated  11 Jun 2019

Listed by

Matt Kearney
Matt Kearney
Commercial Collective
Call
0427 921 206

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