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
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.
Contains a large 3 bedroom apartment with internal laundry and separate access from Bailey Street.
FULL REPORT AVAILABLE ON REQUEST