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59 & 61 Enmore Road,
Newtown, NSW 2042
Shops & Retail • Medical & Consulting • Showrooms & Large Format Retail
Added today
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Stone Real Estate Earlwood -
329 Homer StreetEARLWOOD, NSW 2206
04162875...
59 & 61 Enmore Road
Newtown, NSW 2042
Map
Generational Inner West Investment Opportunity with Potential Uplift*
Stone Real Estate is proud to present 59 & 61 Enmore Road, Newtown – two recently completed freehold investments located within one of Sydney's most dynamic retail and dining destinations.
These properties represent an outstanding opportunity to acquire two fully leased mixed-use shop-top buildings in the heart of the Inner West, a tightly held market known for its long-term capital growth, lifestyle appeal, and progressive planning framework.
Brand new 2023-built freehold investments in the heart of Sydney's vibrant Inner West. Fully leased to Vandal Taqueria, Greens Supermarket and Sydney Boutique Shared Homes, generating a combined net income of $644,217 pa + GST**. Modern mixed-use buildings within Newtown's renowned Enmore Road "eat street", offering strong rental growth, high exposure, and significant development uplift potential (STCA)* with a maximum building height of 14 metres.
Key Investment Highlights
* Two modern 2023-built freehold assets with strong tenant covenants
* Fully leased to Vandal Taqueria, Greens Supermarket, and Sydney Boutique Shared Homes
* Combined net income of $644,217 pa + GST*
* Significant development uplift potential (STCA) with a maximum building height of 14 metres
* E1 Local Centre zoning, providing broad use flexibility and future redevelopment scope
* Situated within Newtown's iconic Enmore Road "eat street" precinct
* Just 4 km from Sydney CBD, surrounded by major retail, dining, and entertainment hubs
* Within the Inner West Council LGA, a rapidly growing population and high-demand rental market
* Close proximity to Newtown Station and Enmore Theatre
Property Breakdown
* 59 Enmore Road & 15 Wilford Lane
* Land area: 245 sqm* | Lot 2 in DP1282258
* Tenants: Vandal Taqueria (lease to 2028 + option) and Sydney Boutique Shared Homes (lease to 2027 + option)
* Net Income: $332,696* pa + GST
61 Enmore Road & 17 Wilford Lane
* Land area: 193 sqm* | Lot 1 in DP1282258
* Tenants: Greens Supermarket (lease to 2028 + options) and Sydney Boutique Shared Homes (lease to 2027 + option)
* Net Income: $311,521* pa + GST
* Combined Net Income: $644,217* pa + GST
Tenant Profiles
* Vandal Taqueria: A celebrated vegan Mexican restaurant redefining casual dining in Newtown.
* Greens Supermarket: A boutique grocer offering organic, gluten-free, and artisanal produce.
* Sydney Boutique Shared Homes: A leading corporate accommodation provider with multiple Sydney locations.
Zoning & Development
* E1 Local Centre & SP2 Infrastructure
* Permitting a range of commercial, residential, and community uses
* Maximum building height: 14 metres (subject to council approval)
* Excellent opportunity for future redevelopment or value-add (STCA)*
For more information, including Banks' valuations, Tax Depreciation Schedules and Tenancy Schedules, please contact the listing Agent
* Subject to council approval
** All measurements are approximate
These properties represent an outstanding opportunity to acquire two fully leased mixed-use shop-top buildings in the heart of the Inner West, a tightly held market known for its long-term capital growth, lifestyle appeal, and progressive planning framework.
Brand new 2023-built freehold investments in the heart of Sydney's vibrant Inner West. Fully leased to Vandal Taqueria, Greens Supermarket and Sydney Boutique Shared Homes, generating a combined net income of $644,217 pa + GST**. Modern mixed-use buildings within Newtown's renowned Enmore Road "eat street", offering strong rental growth, high exposure, and significant development uplift potential (STCA)* with a maximum building height of 14 metres.
Key Investment Highlights
* Two modern 2023-built freehold assets with strong tenant covenants
* Fully leased to Vandal Taqueria, Greens Supermarket, and Sydney Boutique Shared Homes
* Combined net income of $644,217 pa + GST*
* Significant development uplift potential (STCA) with a maximum building height of 14 metres
* E1 Local Centre zoning, providing broad use flexibility and future redevelopment scope
* Situated within Newtown's iconic Enmore Road "eat street" precinct
* Just 4 km from Sydney CBD, surrounded by major retail, dining, and entertainment hubs
* Within the Inner West Council LGA, a rapidly growing population and high-demand rental market
* Close proximity to Newtown Station and Enmore Theatre
Property Breakdown
* 59 Enmore Road & 15 Wilford Lane
* Land area: 245 sqm* | Lot 2 in DP1282258
* Tenants: Vandal Taqueria (lease to 2028 + option) and Sydney Boutique Shared Homes (lease to 2027 + option)
* Net Income: $332,696* pa + GST
61 Enmore Road & 17 Wilford Lane
* Land area: 193 sqm* | Lot 1 in DP1282258
* Tenants: Greens Supermarket (lease to 2028 + options) and Sydney Boutique Shared Homes (lease to 2027 + option)
* Net Income: $311,521* pa + GST
* Combined Net Income: $644,217* pa + GST
Tenant Profiles
* Vandal Taqueria: A celebrated vegan Mexican restaurant redefining casual dining in Newtown.
* Greens Supermarket: A boutique grocer offering organic, gluten-free, and artisanal produce.
* Sydney Boutique Shared Homes: A leading corporate accommodation provider with multiple Sydney locations.
Zoning & Development
* E1 Local Centre & SP2 Infrastructure
* Permitting a range of commercial, residential, and community uses
* Maximum building height: 14 metres (subject to council approval)
* Excellent opportunity for future redevelopment or value-add (STCA)*
For more information, including Banks' valuations, Tax Depreciation Schedules and Tenancy Schedules, please contact the listing Agent
* Subject to council approval
** All measurements are approximate
Newtown, 2042 demographic data
The median household income for Newtown is $2,330, 12% higher than Greater Sydney's household income of $2,077. Newtown has a younger age profile compared to the rest of Greater Sydney (median age 34 vs 37). Property ownership data shows 56% of property owners in Newtown have a mortgage.
14,690
Population
$2,330 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households
Stone Real Estate Earlwood - 329 Homer Street
EARLWOOD, NSW 2206
EARLWOOD, NSW 2206
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