Darby Street has been Newcastle's beating heart for living, shopping, dining, and socializing since the 1870s-once earning the nickname "Drinking Man's Paradise." Today, it remains one of the city's most iconic lifestyle and commercial precincts.
Gilronan Court - 148 -150 Darby Street is perfectly positioned in this vibrant village strip, just a short stroll to beaches, shops, and entertainment. This mixed-use freehold property presents an exciting opportunity for investors, business owners, or those seeking a dynamic live-work space.
Property Overview: Consist of 4 separate units, two retail stores with two 2-bed residences above. Purchase allows for four individual parties to maintain own strata ideal for families trusts, super investors or Joint Ventures
Total building area is 487m² on 435m² of land in MU1 Mixed Use Zoning
Unit 1 - Retail store leased by Monella Total 190m², MU1 Mixed Use. Fully equipped food & beverage venue with commercial kitchen, cool room, grease trap, and three-phase power. Includes two rear lane car parks.
Unit 2 - Retail store leased by Skinsure 79m², Beauty/consulting rooms with kitchenette and amenities
Unit 3 / 4 Residences above, both 2bed, 1 bath expansive older style residential apartment with high ceiling and large courtyard totaling 124m² and 126m²
Four Income Streams Current three tenancy Income $ 128,374 excluding GST. Fully let Market Income including outgoing contributions $ 198,702 excluding GST. Contact for further information
Total Strata Admin $ 20,736 pa. Capital $7,858 pa. Council $14,004 pa. Water $3,036
Strategic location: Prime street frontage Maximum visibility with awning signage. Dual access Side laneway leads to council 2-hour free parking (~48 spaces) behind The Del Hotel.
Building overview: Classic rendered brick building with a tiled roof A character-filled property with strong historical appeal. Future potential Update, extend, or redevelop (STCA), Zoning height 14m.
A rare chance to secure a mixed-use asset in one of Newcastle's most sought-after locations, with steady income and future upside.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
