212 King Street, Newcastle, NSW 2300

Renowned Newcastle hospitality venue "Ginger Megs" has been a long-standing occupant of this property since 2017 which is now being offered for sale with a secure lease in place.

Originally a theatre building, the premises underwent a high-quality, state-of-the-art transformation upon the tenant's occupation, creating the vibrant, modern restaurant it is today. The result is a striking hospitality asset with strong street presence and excellent functionality.

Key Features:

- Architecturally unique bar and restaurant fit-out across two expansive levels
- Lift access to the first floor
- Strong net income of $232,000 per annum
- Outgoings paid by the tenant
- Secure lease structure: 7 + 5 + 5 years commenced 15 July 2026

The property is backed by an experienced hospitality group, also responsible for other well-known Newcastle venues including "Surfhouse" and "Parry Street Garage", further underpinning tenant strength.

Positioned in the heart of the Newcastle CBD, the asset sits within a thriving hospitality precinct surrounded by popular venues such as The Lucky, Light Years, Meet, Foghorn and the George Darby Hotel.

This is a true "set and forget" investment opportunity, combining a premium hospitality fit-out, proven operator, and strong lease in one of Newcastle's most tightly held locations.