374-376 King Street, Newcastle NSW 2300

Mixed Use CBD asset, great investment opportunity

Positioned in the heart of Newcastle's CBD, 374-376 King Street presents an outstanding investment opportunity with dual income already secured. The property comprises a 140sqm* ground-floor commercial office and an immaculately renovated three-bedroom apartment above, delivering two established income streams under the one title.

Recently undergoing a major refurbishment, the property also benefits from DA approval for an additional level, adding clear value and redevelopment upside for the future. Fully leased and low maintenance, this is a rare set and forget asset in one of Newcastle's tightest commercial markets.

Key Features:
- Net income of $118,068.11 per annum
- Fully leased with dual income across commercial and residential tenancies
- Residential apartment upstairs leased for $1,190 per week
- DA approval for redevelopment into retail/office plus two luxury three-bedroom apartments, offering strong future upside
- 140sqm* refurbished commercial space
- Renovated three-bedroom apartment with modern kitchen, bathroom and timber floors
- Separate stairwell access providing clear distinction between commercial and residential tenancies
- Recent upgrades including new roof and fresh external paintwork, reducing ongoing maintenance
- Approved design incorporates lift access and private balconies to strengthen future appeal
- Central Newcastle CBD location with strong street visibility
- Within walking distance to Marketown Shopping Centre, key transport links, gyms and beaches

*Approximately