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415 King Street Newtown NSW 2042

  • Development / Land
  • 379 m²
  • For Sale, Contact Agent

BUILDING & BUSINESS SALE - High RETAIL Income PLUS 13Room BOARDING HOUSE Income!

  • ** High Income
  • ** Close to railway Station
  • ** Solid Building

Situated on a large parcel of land 379.4sqm this 2 level masterpiece was constructed in 1830's & still retains some of its original features... Hand crafted staircase... 2 log wood fireplaces featuring 'one-off' hand painted tiled surrounds & high ceilings. The building has been modernised with convertible automatic rooftop opening, exterior & interior fit-outs including DISABILITY ACCESS for clientele & enclosed front courtyard. There's also rear lane access & common garden courtyard with optional parking space available.

The building currently houses a commercial tenant being a Modern café restaurant PLUS an Established 13 Room Boarding House Business founded 1973... the LEP allows for further development opportunity to construct residential units - building height up-to 14metres - & subject to the approval of council... OR...For added value to your investment, you may consider a clever conversion TO SELF CONTAINED MICRO STUDIOS where you can LET & FORGET ...(PROPOSED Architectural PLANS are AVAILABLE for 10 self-contained Micro-Units & subject to the approval of council).

Along with the staple rental INCOME you receive from the cafe tenant: this is over $90,000.... when you purchase this building it comes complete with the adjoining 13 ROOM Boarding House BUSINESS where rooms are repeatedly rented for short or long term stays & where the RENTAL INCOME received from this business is quite substantial... There's also high Capital Growth in this inner Sydney neighborhood renown for being a Prosperous music, theatre, design & food precinct.

Located within walk distance to Newtown & St Peters station & a bus stop at your doorstep, its handy for Sydney wide & country traveling. Contact Marya m 0425 275 555 to discuss or inspect.

Property Highlights

Floor AreaAsk Agent
Land Area379 m²
Parking1 x Onsite parking
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017069474
Category
Last updated  1 Jul 2022
Map for 415 King Street Newtown NSW 2042

Property Highlights

Floor AreaAsk Agent
Land Area379 m²
Parking1 x Onsite parking
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017069474
Category
Last updated  1 Jul 2022
217-221 Sheridan Street Gundagai NSW 2722
Marya Stylli
Marya Stylli
Mastersell Realty Australia Pty Ltd

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