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121 King Street NEWTOWN 1
121 King Street NEWTOWN 2
121 King Street NEWTOWN 3
121 King Street NEWTOWN 4
121 King Street NEWTOWN 5
121 King Street NEWTOWN 6
121 King Street NEWTOWN 7
121 King Street NEWTOWN 8
121 King Street NEWTOWN 9
121 King Street NEWTOWN 10

121 King Street
newtown
NSW, 2042

SOLD
listing rooms 2
listing bathrooms 1
listing parking 1
Land: 127 sqm

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

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

Agents

Nearby Schools

About newtown

median house price

1810000

suburb growth

3.0%

median house rent

980

suburb rental yield

2.8%

Similar Properties

Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.

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