42 King Street, NEWTOWN NSW 2042
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- Retail, Hotel / Leisure, Showrooms / Bulky Goods
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- 18 Dec 2016
Sold By TEAM KELLY 02 9519 4055
A unique opportunity for an investor to purchase this valuable property. Situated in Newtowns dynamic shopping strip. Located in close proximity to Sydney University, Royal Prince Alfred Hospital, Broadway, UTS, schools parks and Sydney Central Business District.
The Vanguard @ Newtown is a fully licensed trendy Soho style restaurant/bar/night club with POPE approval as a live entertainment venue. This valuable commercial freehold property is leased for a 5+5 years with a rental income of approx. $185,000 pa + GST. This is an excellent opportunity to acquire a 3 level building of approximately 440 sqm of floor area and over 323 sqm of land. Zoned General Business 3A. A most sought-after commercial building. King Street, Newtown is unique, electric and caters to all individuals. TRULY A RARE FIND
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
42 King Street NEWTOWN