A WHOLE floor penthouse apartment with a bird's eye view across Newcastle and beyond is set to hit the market next week.
The luxury property on the 16th floor in The Royal Apartments at 42/7 King Street will be listed for sale by expressions of interest.
Selling agent Anthony Merlo of Colliers Residential Newcastle is guiding $7.25 million for the property and believes it could set a benchmark price record in the Newcastle area for an existing apartment.
Comparable sales include a penthouse at 801/1 Scott Street in Newcastle East which sold off-market in September last year for a record-breaking $8.3 million.
From its many balconies, the three-bedroom apartment takes in views across Newcastle Beach, Nobbys, Newcastle Harbour and all the way toward Port Stephens as well as the city and Christ Church Cathedral.
Mr Merlo said the property epitomised penthouse living and was the best located apartment on the market in Newcastle.
"It delivers true meaning in what a penthouse can and should deliver," Mr Merlo said.
"With direct lift access and uninterrupted views of the coast as far as the eye can see, our beautiful working harbour, city and mountains beyond, it is truly breathtaking to be immersed in this property."
It's the first time the property in the northeast wing of the McCaffrey building in The Royal Apartments has been listed for sale since it was bought it off the plan in 2007.
The penthouse apartment is in one of three buildings in the Landcom and Mirvac development which was commissioned in 2010 and built on the former Royal Newcastle Hospital site.
The expansive floorplan occupies around 326 square metres of combined living area, all weather covered alfresco entertaining area and balcony space.
There are three bedrooms with walk-in robes, including the master with an oversized ensuite with a bath, and an additional two bathrooms.
The open-plan living space includes a lounge and dining area and a sleek kitchen with a butler's pantry, as well as a home office.
A large entertaining balcony facing Newcastle Harbour, Nobbys and Newcastle Beach is designed for all weather with operable louvred windows that open with the press of a button.
"There is basically a fantastic view from almost every aspect of this property," he said.
In addition, the sale includes secure triple car garaging and a storage room.
Mr Merlo said although there would be other spectacular apartments built throughout the city in upcoming developments, none would surpass the build quality, location and the view at the penthouse in The Royal.
"The first thing that is fully appreciated when someone inspects this building and apartment is not only the unrivalled spectacular views it offers, but the quality of construction and sheer presence of the building," he said.
Mr Merlo expected the property would be highly sought-after with buyers from Newcastle and out-of-area.
He said the property had already had multiple pre-market inspections from potential buyers.
The property will be only be available for inspection by private appointment.
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