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Sold on 22 Jun 2021

2-4 King Street Newtown NSW 2042

  • Shop & Retail
  • 269 m²
  • Sold, $3,100,000

The Gateway to Newtown

    A once in a generation opportunity to purchase this corner freehold building at the entry to King Street, Newtown and in the heart of the Educational precinct of Newtown. Situated on a 190 sqm (approx.) block of land, this two level mixed use building is home to Double Barrel Roaster, one of Newtown's most flourishing and popular cafes, whom operates multiple sites around Sydney's Inner West. Currently configured as creative office spaces, the rear of the ground floor, along with the first floor of the building, offers further opportunity to expand the income stream, by continuing to utilise the space under its current use or converting to a residential accommodation. Furthermore, the property has secure parking, a rare commodity in Newtown, a loft area for extra storage space and a beautiful outdoor courtyard.

    Surrounded by institutions that include The University of Sydney, The Royal Prince Alfred Hospital, Moore Theological college and a stone's throw from Broadway and the CBD, this is truly an opportunity that cannot be missed.

    Key Features:

    Established Operator with Multiple Locations
    Fully Leased Income $140,000.00 (Approx.) + GST
    Current Income $70,000.00 (Approx.) + GST
    Secure off Street Parking
    Income Growth

    The Auction will be held on Tuesday 22nd June 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000

    The property will be open for inspection on:
    Wednesday 9th June 11-11:30am
    Wednesday 16th June 11-11:30am

    AUCTION

    Auction date and time22/06/2021 10:30
    Auction location50 Margaret Street, Sydney NSW 2000
    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West

    Property Highlights

    Property ID2017022814
    Date Sold22 Jun 2021
    Sold Price$3,100,000
    Floor Area269 m²
    Land Area190 m²
    ParkingAsk Agent
    Category
    Last updated  22 Jun 2021
    Map for 2-4 King Street Newtown NSW 2042
    Map for 2-4 King Street Newtown NSW 20422-4 King Street Newtown NSW 2042
    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West

    Property Highlights

    Property ID2017022814
    Date Sold22 Jun 2021
    Sold Price$3,100,000
    Floor Area269 m²
    Land Area190 m²
    ParkingAsk Agent
    Category
    Last updated  22 Jun 2021
    Belle Property Commercial Inner West
    186 Enmore Road Newtown NSW 2042
    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Rocco Tripodi

    Rocco Tripodi

    Belle Property Commercial Inner West

    Andrew Bozza

    Andrew Bozza

    Belle Property Commercial Inner West

    0407 *** ***
    0407 771 655

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