196-198 King Street Newtown NSW 2042

Richardson & Wrench Newtown are pleased to offer for sale by public auction this outstanding investment opportunity, located on a prime position along Newtown's vibrant retail strip. The property is fully leased to two separate restaurants, and benefits from rear access to a wide rear lane with undercover parking provisions for three cars.

Income and Outgoings Details:
• Currently leased to two separate restaurants (Ground and First Floor)
• The property generates a total rental income of $336,239 + GST per annum
• Tenants contribute to outgoings
• Further income and outgoing details are stipulated in the Information Memorandum

Property Features:
• Large 'double block' land site of approximately 280 sqm
• The property is a freehold 'whole building' offering, and has already been subdivided into a total of two strata lots (Ground and First Floor). Please note that this is the sale of the entire freehold building as all strata lots are being offered for sale in one line.
• Rear access with rare undercover parking provisions for three cars
• Extra wide rear lane
• Modern fit out
• Male & female amenities
• Zoned B2 Local Centre with City of Sydney Council

Please contact Michael Xanthoudakis on 0417 264 754 for further enquiries.