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Newcastle
5-7 Darby Street & 218 King Street

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 Id44741100002
Property TypeHotel/Leisure, Retail/Shopping centres/Petrol stations
Land Area1,277 sqm
StatusSold
CityNewcastle
Postcode2300
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Features

Matt Kearney
Partner | Commercial

0427 921 206

matt@commercialcollective.com.au

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