Shop 5, 175-181 King Street,
Newcastle, NSW 2300

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)