601 King Street Newtown NSW 2042

Generating substantial income streams this beautifully appointed modern freehold demonstrates the resilience of quality accommodation assets in well located and connected markets such as Newtown.

This commanding freehold property offers:

- 16 Self Contained next generation apartments over three levels is serviced via internal lift and complemented with communal areas
- Ground floor retail shop leased to well renowned local business, Pistou
- Net Income fully leased basis of $319,581 per annum* with potential to improve significantly
- Building Area of 476 m²*
- Land Area of 342.5 m²*
- Exceptional Modern Design with highly sought-after communal areas and value-add amenities
- Moments to St. Peters Train Station, Sydney's Tertiary Education precinct and key infrastructure projects
- Positioned within Sydney's premier lifestyle precinct surrounded by retail, restaurants & cafes
- Diverse & multiple income streams with potential to improve further
- Significant depreciation benefits available
- Valuable onsite secure parking

601 King Street, Newtown will be offered for sale by way of Public Online Auction on Thursday, 23 September 2021 at 10:30am (AEST).

For further details, please contact Ari Danas of Danas Property or Miron Solomons and Matt Pontey of Colliers International.

^Please note a virtual inspection of the property is available or via private one on one in keeping with the government guidelines.

*Approximately