Generating five income streams and offering an opportunity to further add value this three level freehold demonstrates the resilience of quality assets in well located and connected markets such as Newtown.
Ideally positioned in the heart of the vibrant Newtown retail strip with high volume day & night pedestrian traffic plus close proximity to well established businesses, cafés and excellent eateries, Royal Prince Alfred Hospital, Sydney University, Newtown station and moments to the CBD
Key highlights:
• Building area : 668 Sqm (app)
• Land area: 202 Sqm (app)
• Comprising of 2 two-bedroom units, 2 one-bedroom units plus retail premises
• Ground floor retail is over 2 level and leased to an established business which also includes a lock-up garage and enjoys a 6 meter frontage to King Street
• Net income ; $134,120 per annum
• The apartments offer practical floorplans, separate laundry rooms
• Entertainers' rooftop terrace boasting alfresco dining, panoramic views
• Zoned B2
• Rear access and parking
• Highly visible with lots of foot traffic, prominent main road position
• Iconic building with wide frontage to bustling King Street strip
• A secure income stream with plenty of scope to further capitalise
• This is a rare opportunity in this location with excellent growth and potential
For further information and a copy of the Information Pack please contact conjunction agents Augusto Gerocarni (Ray White Woollahra) 0403 279 845 or Michael Buium (Raine and Horne Commercial) 0408 385 385