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
