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59 Enmore Road
Newtown NSW 2042
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59 Enmore Road Newtown NSW 2042

  • Shop & Retail
  • 376 m²
  • Commercial Auction

Unrivalled Inner-City Gem Leased To Proven Hospitality Operator

    Laing and Simmons Commercial have the pleasure of offering for sale by Public Auction 59 Enmore Rd, Newtown - a remarkable and highly sought-after opportunity for investors.

    This prime freehold building is strategically situated along Newtown's main bustling arterial road, making it an ideal location for premium retail and hospitality ventures.

    With a favourable B2 Zone the ground-floor retail premises is occupied by Kimusabi Sushi restaurant as well as a 4-bedroom apartment above with separate access.

    Situated within the heart of Sydney's vibrant and trendy bohemian culture, a short stroll to an array of local shops, theatres, restaurants, music venues and nightlife but also to Sydney University, UTS and only moments to the heart of the Sydney Central Business District. There is a bus stop on the properties doorstep and Newtown Train Station is within 500 meters.

    Key Investment highlights:

    Mixed use freehold investment opportunity

    Ground floor retail plus 4-bedroom apartment above

    Retail currently tenanted by well-known restaurateur - Peter Varvaressos of Kimusabi Sushi, Greens Supermarket and Vandal Restaurant

    Lease term: 5 years with a further option of 5 years

    Current net rent: $325,495 per annum

    Total Building area: 376 Sqm (approx.)

    Land area 245 Sqm (approx.)

    Favourable Local Centre B2 zoning which allows another floor to be built on top

    Ground floor retail set up for food operation

    Rear access with loading dock

    Only minutes away from Newtown Train Station, countless restaurants, cafes & shops along King Street

    AUCTION

    Auction date and time14/05/2024 11:00
    Auction locationREIV Headquarters

    Property Highlights

    Floor Area376 m²
    Land Area245 m²
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019176706
    Category
    Last updated  24 Apr 2024
    Map for 59 Enmore Road Newtown NSW 2042

    Nearest transport* to 59 Enmore Road Newtown NSW 2042

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    Property Highlights

    Floor Area376 m²
    Land Area245 m²
    Parking2 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019176706
    Category
    Last updated  24 Apr 2024

    Listed by

    Michael Buium
    Laing+Simmons Commercial South East
    Call
    0408 385 385

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