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RETAIL AND RESIDENTIAL PACKAGE WITH HIGH YIELD IN THE HEART OF NEWTOWN

RETAIL AND RESIDENTIAL PACKAGE WITH HIGH YIELD IN THE HEART OF NEWTOWN

Property ID: 1076743

NEWTOWN 121 King Street

Listing Rooms2
Listing Bathrooms1
Listing Parking1

For Sale AUCTION

Auction date Aug. 21, 2021 at 1:30 p.m.

Land Size: 127 sqm

Viewings are by private appointment only until further notice - Contact Ray Bartholomeusz on 0411 399 874

This premium King Street location first time offered in 40 years makes this commercial & residential package an exciting offering for investors looking for a high yielding property in the heart of Newtown. Situated midway between Newtown and Redfern stations, this commercial building has been home to several notable restaurants and enjoys exceptional positioning with high exposure to this celebrated café, restaurant and lifestyle precinct.

The property consists of a 2-bedroom apartment on the upper level with a generous lounge / dining area and a separate bathroom. The fully functional commercial kitchen on the ground level has a combined income approx. $70,000 pa in residential and restaurant lease income.

There is so much potential here, with scope to use the residential space as a business headquarters with rental income from the restaurant on the ground level - a high performing investment property.

An extremely rare and prized chance to own a highly versatile Newtown property with excellent rental income and value adding potential. It presents a great opportunity to acquire a high yielding investment in one of Sydney's fastest-growing property markets. Furthermore, the property has rear access under cover parking, a rare commodity in Newtown

Surrounded by institutions that include The University of Sydney, The Royal Prince Alfred Hospital, Moore Theological College and a stone's throw from Broadway and the CBD, this is truly an opportunity that cannot be missed.

Key Features:
* Current Income $70,000.00 pa GST inclusive
* 2 bedrooms & 1 Bathroom
* Generous Lounge and dining
* Fully functional commercial kitchen
* Multiple Income Streams for Income growth
* Secure off Street Parking

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Suburb Profile

Median House Price

1636000

Suburb Growth

17%
Peak Sale Month - March
Peak Sales - 18