INVESTMENT - 2 SHOPS ON SEPARATE TITLES BUY ONE OR BUY BOTH
490-492 King Street, Newtown, NSW 2042
THE OWNERS REQUIRE A LEASE BACK AT A RENTAL OF $75,000 + GST NET for each property = $150,000 + GST NET and will pay the following outgoing. Building Insurance, Council Rates, and Water Rates. Their business is best known for its famous Pasha's Restaurant being in this spot since 1975. The property was originally set as 2 separate shops and residences. The properties have now been converted into one large restaurant which occupies the 2 properties and the first floors and the rear courtyard.
FEATURES:
• Premium Retail Investment
• Current Use - Licensed Turkish Restaurant
• Proposed Lease Term 5 Years with An Option of a further 5 Years
• Gross Floor Space 200 Sqm each = 400 sqm. Approx.
• Floor Space Ratio 1.75 To 1
• Maximum building Height Limit of 12 Metres.
• Excellent Street Exposure
• Zoned Local Centre B2.
• City of Sydney Council LGA
• High Ceilings throughout
• Male, Female Amenities
• Air-Conditioning
• Large double frontage
• Large outdoor courtyard
• Rear lane access
• Land area 116.5 sqm each total of 233 sqm.
FULL REPORT AVAILABLE ON REQUEST.