597 King Street, Newtown, NSW 2042

Retail | Hotel/Leisure | Other

For Sale Contact Agent

  • Property ID: 360681
  • Floor Area: 708m²
  • Land Area: 354m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
PRICE REDUCED - INVESTMENT WITH AN EDGE

Freehold investment property situated on a corner location with 3 frontages, containing a massive floor area of 708 m2.
New 10 X 5 X 5 Year Lease in place returning a true net rental income of $290,000 + GST per annum with annual rental increases. THE TENANT IS UP TO DATE WITH RENT AND OUTGOING PAYMENTS.
This property is undoubtedly situated in an excellent position on King Street and takes full advantage of the new 3,500 residential unit developments that are in close proximity.
King Street Newtown is an iconic shopping and entertainment destination the perfect place to invest. TRULY A RARE INVESTMENT OPPORTUNITY.

Newtown Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $504 ---
Offices $7577 $376 4.96%
Retail $9001 $434 4.82%
This is the average advertised price, rent and yield for Newtown, NSW 2042*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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™.
  • 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.
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