Newtown NSW 2042

UNDER OFFER - DEFINITE SALE REQUIRED-Large Retail Shop located in busy King St, Newtown having excellent street exposure, and loads of passing pedestrian traffic. Positioned metres away from the Iconic Marlborough Hotel. Currently leased as a Beauty Salon on a new 4 X 4 X 3-year lease commencing 15th Oct 2018. Current rent is $50,000 per annum + GST with 3% to 4% annual rental increases. This property offers great exposure. Nestled in busy, bustling KING STREET. This is a unique opportunity to secure a prominent retail property.
The premise consists of retail/commercial space, two secure car spaces, internal kitchen with dishwasher. The total area on the title is 119 sqm. with a frontage of approx 4.6m.