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1-5, 16 Brown Street Newtown, NSW 2042

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1-5, 16 Brown Street,
Newtown, NSW 2042

Development Sites & Land • Hotel, Motel & Leisure • Other

Price information

Sale - Auction Thu 23 May

Auction | Greg Haimandos

Detailed listing

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Map of 1-5, 16 Brown Street

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  • Train stations within 5 km of 1-5, 16 Brown Street, Newtown, NSW 2042Distance
    Macdonaldtown Station342 m
    Newtown Station473 m
    Erskineville Station647 m
    St Peters Station1.3 km
    Redfern Station1.5 km
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  • Tram stops within 5 km of 1-5, 16 Brown Street, Newtown, NSW 2042Distance
    Glebe Station2.1 km
    Paddy's Markets Light Rail Station2.6 km
    Exhibition Light Rail Station2.6 km
    Central Chalmers Street2.6 km
    Central Station Light Rail2.6 km
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  • Bus stops within 5 km of 1-5, 16 Brown Street, Newtown, NSW 2042Distance
    King St at Horden St154 m
    King St Before Watkin St180 m
    King St at Missenden Rd229 m
    King St at Erskineville Rd254 m
    King St Opp Georgina St417 m
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Rare multi-investment with prime positioning

On offer is this exceptional opportunity for investors to secure a grand character property and capitalise on its numerous creative possibilities. This attractive Victorian terrace has been converted into five separate apartments and is well-presented throughout with some recent upgrades and all units are in great condition and earning solid rental returns. This is a rare prospect with ample scope to explore future options and maximise the potential, while the prime location is just a couple of blocks from King Street's major dining, transport and entertainment hub.

• Freestanding building on a generous corner block with dual frontage
• 4 X 1-bed & 1 X 2-bed apartments, each presented in great condition
• Potential income earnings of approx $135,000pa
• Fresh and bright interiors have been well-maintained throughout
• Well-appointed kitchens, great bathrooms and internal laundries
• Two of the units have private access to the leafy rear courtyard
• Unit 3 is a dual-level two-bedder with traditional front balcony
• A short walk to Macdonaldtown station and Erskineville village
• Lots of scope to further update apartments and increase rental yield

Additional information

Property ID: 504580800Last Updated: 3 May 2024

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1-5, 16 Brown Street
Newtown, NSW 2042

Detailed listing

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