426 King Street, Newcastle, NSW 2300

Offices

For Sale Contact Agent

  • Property ID: 390585
  • Floor Area: 3350m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Defensive asset development upside

Commercial Collective are pleased to present to the market 426 King Street, Newcastle West, for sale by Expressions of Interest. This asset presents an opportunity to acquire one of the most recognisable buildings in the Newcastle CBD in a strategic location in the heart of the city.
426 King Street boasts the following key features:
- Frontages to the CBD's two main thoroughfares, Hunter Street and King Street
- An NLA of 3,350sqm* over large floor plates
- 51 parking spaces
- Net income of $1,101,264 per annum as at 1 May 2021
- Anchored by Pegasus, WSP & APP
- 100% occupancy rate
- 5-star NABERS Energy rating
- Landscaped courtyard break out area and end-of-trip facilities
The property also offers nearly 6,000sqm* of potential development (STCA) as currently only 40% of the allowable FSR has been utilised.
Located in arguably the best commercial location in Newcastle, being central to all key precincts, 426 King Street is surrounded by staff amenity with Marketown Shopping Centre located opposite and also offers easy connectivity to the rest of the CBD and surrounding suburbs with the nearest Light Rail stop less than 150m* away and a bus stop less than 45m* from the property.
*Approximately

Newcastle Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $5497 $560 10.18%
Retail --- $239 ---
This is the average advertised price, rent and yield for Newcastle, NSW 2300*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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