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Newcastle Herald
Newcastle Herald
Jade Lazarevic

Four years after paying $4m, former real estate boss sells apartment at a loss

An inner-city Newcastle apartment bought around the peak of the market in 2022 has sold at a loss, despite drawing four registered bidders at auction.

The three-bedroom, two-bathroom property at 64/7 King Street, located in the Mirvac-built The Royal complex, was originally listed in January with Darren Penn of Ray White Newcastle Lake Macquarie.

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