SOLD BY VICTOR KELLY
40 King Street, Newtown, NSW 2042
This is a rare opportunity to acquire a substantial prime retail property currently leased to a AAA tenant trading as an IGA supermarket.
This quality property has been completely renovated by the tenant including adding a mezzanine level used as staff offices and amenities. This property is in excellent condition. Rent $315,142 + GST 4.8% yield
BRIEF SUMMARY
• Floor Space Ratio 2.0:1
• Allowable building floor space 862 sqm approx.
• Building Height limit twelve metres approx. 3 to 4 floors
• Sizable street frontage of 15 metres
• Zoned B2 Local Centre. allowable uses include Boarding houses; Commercial premises; Light industries; Medical
• Shop top housing/residential plus multiple commercial and residential uses.
FULL INFORMATION REPORT AVAILABLE ON REQUEST
The above details and figures are approximate, and purchasers should rely on their own inquiries.