Skip to main content
Shop 5, 175-181 King Street
Newcastle NSW 2300
SearchBack to results
Sold on 1 Feb 2018

Shop 5, 175-181 King Street Newcastle NSW 2300

  • Shop & Retail
  • Sold

Habesha - Get Your Hands Around It

This charming strata suite is currently leased to the very popular Habesha Ethiopian Restaurant. With a warm and inviting fitout in-situ, this is a rare opportunity to secure an idyllic retail investment leased to a popular operator, right in the heart of Newcastle CBD. The property is situated on the ground floor of a retail/residential development on King Street, and offers the opportunity to take advantage of the significant gentrification taking place in the CBD.

- Total strata area 49 square metres (approx.)
- Current passing income of $20,434.32 per annum net (plus GST).
- Leased to locally renowned restaurant, Habesha
- Open Market Review to occur in 12 months
- Common area parking available on-site
- Located in Newcastle’s trendy East End
- Zoned B4 Mixed Use and approved for internal restaurant, external seating and service of liquor.
- Located 67 metres (approx.) from the proposed light rail platform at Crown Street
- 650 metres (approx.) east of The University of Newcastle’s NeW Space Campus (under construction)

For Sale by Private Treaty $525,000 (sale of a going concern).

(NPP)

Property Highlights

Date Sold1 Feb 2018
Floor AreaAsk Agent
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2013796922
Category
Last updated  1 Feb 2018
Map for Shop 5, 175-181 King Street Newcastle NSW 2300

Nearest transport* to Shop 5, 175-181 King Street Newcastle NSW 2300

Bus
Train
Tram
Ferry
Did you find this helpful?
Yes
No

Property Highlights

Date Sold1 Feb 2018
Floor AreaAsk Agent
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2013796922
Category
Last updated  1 Feb 2018
Ground Floor, 18 Honeysuckle Drive Newcastle NSW 2300

More Shop & Retail for Sale in Newcastle NSW

Sold$3,500,000
102 hunter street,newcastle, NSW 2300
900 m²
Shop & Retail
Sold$280,000
5/275 hunter street,newcastle, NSW 2300
57 m²
Shop & Retail
Sold
suite 2/175 scott street,newcastle, NSW 2300
384 m²
Shop & Retail