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184-202 King Street, Newcastle, NSW, 2300
Tenanted Investment
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Property Highlights

Fully leased CBD investment with ASX listed tenant
  • Diversified tenancy profile
  • Leased by ASX listed & national retailer
  • 100% freehold inc 18 serviced apartments

Knight Frank is pleased to introduce 184-202 King Street, Newcastle to the market For Sale.

The offering consists of a fully leased mixed-use investment providing diversification for investors through a mixed-use tenancy profile anchored by a 10 year lease to ASX listed Alloggio for serviced residential accommodation.

Key highlights:

- 10 year lease + 5 year option to ASX listed Alloggio

- New 5 year lease + 5 year option to national retailer Maniax

- Combined net income of $371,935* per annum excluding GST

- Rental increases consist of the greater of 3% fixed or CPI, or fixed 3%

- Two level freehold commercial building featuring 18 modern self-contained apartments and ground floor retail with wide street frontage

- Superbly located in the central CBD, within Newcastle’s premier dining precinct

Please contact the listing agent Brent Sinclair for more information or to arrange an inspection.

*Approximate

Remember to mention you found this property on CommercialReady

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STEP 01 Finance type
Commercial Investment Finance
STEP 02 Property Address
184-202 King Street, Newcastle, NSW, 2300
STEP 03 Contact a finance professional

Map: 184-202 King Street, Newcastle, NSW, 2300

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