403-405 King St, Newtown, NSW 2042

Retail | Medical | Showrooms

For Sale Contact Agent

  • Property ID: 328087
  • Floor Area: 310m²
  • Land Area: 260m²
  • Occupancy: Vacant
SOLD BY VICTOR KELLY ESTATE AGENTS

A unique opportunity for an astute purchaser to snap up this retail, and residential property situated in Newtown's dynamic shopping strip of King Street.

This property has an unbeatable combination of retail, residential and redevelopment potential. The property is currently vacant and can be purchased with VP. Estimated rent is approximately $120,000 net + GST per annum for the shop and $40,000 per annum ($770 pw) for the 3 bedroom unit = combined income of $160,000 pa net + GST

Ground Floor:

Previous use a Licensed restaurant approximately 200 sqm. with a modern fit out, quality fixtures and fittings. An enormous frontage of 8 metres with floor to ceiling glass bi-fold doors, opening up to exceptional street exposure.

Features fully reverse cycle ducted air conditioning, alarm system, commercial kitchen, bar, mechanical exhaust ventilation, grease trap, separate disable and male/female amenities and parking.

First Floor:

Contains a large 3 bedroom apartment with internal laundry and separate access from Bailey Street.

FULL REPORT AVAILABLE ON REQUEST

Newtown Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $504 ---
Offices $6614 $395 5.97%
Retail $7536 $445 5.91%
This is the average advertised price, rent and yield for Newtown, NSW 2042*
* 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™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 403-405 King St, Newtown, NSW 2042. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 403-405 King St, Newtown, NSW 2042. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×