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

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

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Habesha - Get Your Hands Around It

  • Located in Newcastle’s trendy East End
  • Total strata area 49sqm (approx.)
  • Common area parking available on-site
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)

Property ID: 502512854Last Updated: 1 Feb 2018

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Shop 5, 175-181 King Street
Newcastle, NSW 2300
Colliers - Newcastle
Ground Floor, 18 Honeysuckle Drive
NEWCASTLE, NSW 2300

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