172 King Street,
Newcastle, NSW 2300
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Map of 172 King Street
Charming Retail Investment plus Two Bedroom Apartment
- Outstanding lifestyle amenity
- Total building area 258sqm (approx.)
- Five year lease from December 2015
The property comprises a charming, three level inner city terrace building occupied by Popolo Artisan Gelataria.
The building underwent a major refurbishment in early 2016 where essential services were upgraded. The new fit out and design integrates the charm and heritage feel of the original building whilst incorporating an immaculate modern finish throughout the ground floor.
The ground floor features the display area where the gelato is showcased in glass cabinetry which then flows through to the main kitchen which is exposed by floor to ceiling glass to create a theatrical feel. A full walk-in cool room/freezer has been installed as well as a single toilet and grease trap at the rear.
A central internal staircase services the first floor where a further room is currently being utilised as a storage area.
An additional external staircase accessible by both Crown and Brown Streets provides access to the two bedroom residential apartment above.
The apartment is split over two levels and offers two external areas including an external laundry and a generous terrace style balcony. The kitchen and dining area flow out onto the balcony creating a classic indoor outdoor feel. The charming heritage of the building is consistent throughout the living area boasting high ceilings, fireplace, natural light and exposed brickwork whilst timber floors flow throughout the entire apartment. There is also a single bathroom featuring a vanity, shower and toilet as well as two loft style bedrooms with ample natural light and both comfortably accommodate king sized beds and wardrobes.
- Net Income $52,291.20 plus GST (approx.)
- Total building area 258sqm (approx.)
- Five year lease from December 2015
- Five year option through 2025
- Benefits from recent internal upgrade
- Opportunity to occupy, invest or develop
- Outstanding lifestyle amenity close to harbour, cycleways, shopping, public transport and Newcastle CBD.
- Zoned B4 Mixed Use
For Sale by Public Auction Thursday 4 May at 10.30am | Novotel, 5 King Street, Newcastle
(NA2017)
The building underwent a major refurbishment in early 2016 where essential services were upgraded. The new fit out and design integrates the charm and heritage feel of the original building whilst incorporating an immaculate modern finish throughout the ground floor.
The ground floor features the display area where the gelato is showcased in glass cabinetry which then flows through to the main kitchen which is exposed by floor to ceiling glass to create a theatrical feel. A full walk-in cool room/freezer has been installed as well as a single toilet and grease trap at the rear.
A central internal staircase services the first floor where a further room is currently being utilised as a storage area.
An additional external staircase accessible by both Crown and Brown Streets provides access to the two bedroom residential apartment above.
The apartment is split over two levels and offers two external areas including an external laundry and a generous terrace style balcony. The kitchen and dining area flow out onto the balcony creating a classic indoor outdoor feel. The charming heritage of the building is consistent throughout the living area boasting high ceilings, fireplace, natural light and exposed brickwork whilst timber floors flow throughout the entire apartment. There is also a single bathroom featuring a vanity, shower and toilet as well as two loft style bedrooms with ample natural light and both comfortably accommodate king sized beds and wardrobes.
- Net Income $52,291.20 plus GST (approx.)
- Total building area 258sqm (approx.)
- Five year lease from December 2015
- Five year option through 2025
- Benefits from recent internal upgrade
- Opportunity to occupy, invest or develop
- Outstanding lifestyle amenity close to harbour, cycleways, shopping, public transport and Newcastle CBD.
- Zoned B4 Mixed Use
For Sale by Public Auction Thursday 4 May at 10.30am | Novotel, 5 King Street, Newcastle
(NA2017)
Property ID: 502350974Last Updated: 2 Jul 2017
0402 724 8...
172 King Street
Newcastle, NSW 2300
Colliers - NewcastleGround Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300
NEWCASTLE, NSW 2300
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