5 Crown St & 176 King St,
Newcastle, NSW 2300

The property is prominently situated on the north eastern corner of King and Crown Streets in the heart of the Central Business District of Newcastle. The property is situated immediately adjacent to the “Lucky Country Hotel” which is currently undergoing a multi-million dollar refurbishment, and has a strong retail and commercial influence with the Hunter Street Shopping Mall located approximately 200 metres east of the subject property. Many notable professional businesses, the new Newcastle Courthouse development and the Legal precinct are all located in close proximity. The property is also only a short stroll from Newcastle’s harbour foreshore, Newcastle Railway Station and all the inner city conveniences.

Key features include;

- Mixed use asset comprising up to 4 retail tenancies, one commercial office and a residential apartment
- Prominently situated on the corner of King Street and Crown Street, immediately neighbouring the refurbished "Lucky Country" and in a major growth corridor between the GPT/Urban Growth master redevelopment, the new Courthouse development as well as the University campus
- Current short term tenancy profile returning approximately $58,440 net pa + GST
- Site area – 290m²
- Flexible B4 mixed use zoning
- Medium sized acquisition opportunity providing scope for further residential accommodation benefiting from a third level loft and considerable retail rental growth