59 Enmore Road Newtown NSW 2042

Laing and Simmons Commercial have the pleasure of offering for sale by Public Auction 59 Enmore Rd, Newtown - a remarkable and highly sought-after opportunity for investors.

This prime freehold building is strategically situated along Newtown's main bustling arterial road, making it an ideal location for premium retail and hospitality ventures.

With a favourable B2 Zone the ground-floor retail premises is occupied by Kimusabi Sushi restaurant as well as a 4-bedroom apartment above with separate access.

Situated within the heart of Sydney's vibrant and trendy bohemian culture, a short stroll to an array of local shops, theatres, restaurants, music venues and nightlife but also to Sydney University, UTS and only moments to the heart of the Sydney Central Business District. There is a bus stop on the properties doorstep and Newtown Train Station is within 500 meters.

Key Investment highlights:

Mixed use freehold investment opportunity

Ground floor retail plus 4-bedroom apartment above

Retail currently tenanted by well-known restaurateur - Peter Varvaressos of Kimusabi Sushi, Greens Supermarket and Vandal Restaurant

Lease term: 5 years with a further option of 5 years

Current net rent: $325,495 per annum

Total Building area: 376 Sqm (approx.)

Land area 245 Sqm (approx.)

Favourable Local Centre B2 zoning which allows another floor to be built on top

Ground floor retail set up for food operation

Rear access with loading dock

Only minutes away from Newtown Train Station, countless restaurants, cafes & shops along King Street