168 King Street Newtown NSW 2042

Highlights:

Four apartments plus ground floor retail
Excellent cashflow and development potential
Prized Location

Generating five income streams and offering an opportunity to further add value this three level freehold demonstrates the resilience of quality assets in well located and connected markets such as Newtown.
Ideally positioned in the heart of the vibrant Newtown retail strip with high volume day & night pedestrian traffic plus close proximity to well established businesses, cafés and excellent eateries, Royal Prince Alfred Hospital, Sydney University, Newtown station and moments to the CBD

Key highlights:
Building area : 816 Sqm (app)
Land area: 202 Sqm (app)
Comprising of 2 two-bedroom units, 2 one-bedroom units plus a commercial space
Ground floor retail over 2 level and leased to an established business which also includes a lock-up garage and enjoys a 6 meter frontage to King Street

Net income ; $134,120.22 Fully leased basis

The apartments offer practical floorplans, separate laundry rooms
Entertainers' rooftop terrace boasting alfresco dining, panoramic views
Zoned B2
Rear access and parking
Highly visible with lots of foot traffic, prominent main road position
Iconic building with wide frontage to bustling King Street strip
A secure income stream with plenty of scope to further capitalise
This is a rare opportunity in this location

168 King Street Newtown is offered for sale via Public Auction on Thursday 12th May 2022

For further information and a copy of the Information Pack please contact conjunction agents Augusto Gerocarni (Ray White Woollahra) 0403 279 845 or Michael Buium (Raine and Horne Commercial) 0408 385 385