SOLD property

251 King Street, NEWTOWN NSW 2042

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$2,980,000 (GST n/a)

Retail/Shops/Shopping Ctrs/Service Stns
Land size:
190 sq.m
Building size:
1 sq.m
Property ID:
294101

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Prime retail investments

Located just a few shops away from Franklins Supermarket & Dendy Cinemas, this 3 storey building is right in centre of the retail & entertainment strip of Newtown. The land area is about 190 sqm. The total net rental income is about $177,000 per annum + GST.  
 
The rear section of the ground level has just been leased to a bicycle shop with a rent of $26,000 gross pa (GST inclusive) making the net rental income of the whole property about $200,600 per annum + GST.  
 
Details: Raymond Hung 0419 223 895 or email rhung@raywhitecitysouth.com.au  

Summary

Building Area
1 m²
Land Area
190 m²
Occupancy
leased investment

Sale Information

Sale Price
$2,980,000 (GST n/a)

Lease Information

Rental (p/a)
$200,636 (GST ex)
Outgoings Paid By
tenant

More information

Website: www.raywhitecitysouth.com.au/


Address is approximate.