91 Watkin Street,
Newtown, NSW 2042
Key property information
Map of 91 Watkin Street
Train stations within 5 km of 91 Watkin Street, Newtown, NSW 2042 Distance Macdonaldtown Station 140 m Erskineville Station 352 m Newtown Station 470 m St Peters Station 1.1 km Redfern Station 1.5 kmPOWERED BY HERE © Tram stops within 5 km of 91 Watkin Street, Newtown, NSW 2042 Distance Glebe Light Rail Station 2.3 km Wentworth Park Light Rail 2.7 km Central Station Light Rail 2.7 km Exhibition Light Rail Station 2.7 km Capitol Square Light Rail 2.8 kmPOWERED BY HERE © Bus stops within 5 km of 91 Watkin Street, Newtown, NSW 2042 Distance Erskineville Rd at Charles St 278 m Erskineville Rd at Prospect St 294 m King St at Erskineville Rd 321 m King St at Horden St 321 m King St Before Watkin St 362 mPOWERED BY HERE ©
Versatile Investment with significant development upside!
- BOARDING HOUSE DEVELOPMENT
- DEVELOP MULTIPULE DWELLINGS
- HOLDING INCOME
The opportunity allows for the redevelopment of the property into either a Boarding House, with the purchaser receiving a concept scheme for 15 Self Contained Studios, or developed into a substantial home in one of the most prized streets in Newtown.
Sitting within MacDonald town, Newtown and Erskineville stations and within walking distance to institutions that include the University of Sydney, Royal Price Alfred Hospital, UTS, Moore Theological College and the vibrant King Street Retail precinct, this is an opportunity to acquire a property that provides holding income, while planning and approvals are received for the future re-development and re-positioning.
1. Land Area – 243.8sqm (approx.)
2. Floor Area – 230.0sqm (approx.)
3. $73,560.99 + GST P/A Gross
4. CPI Annual Increases
5. 3 x 3 Year Lease
6. Concept Plans for Boarding House
7. Personal Guarantee From Tenant
8. Solar Power
9. High Timber Ceiling and Exposed Beams Throughout
The Auction will be held on Tuesday 9th November 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000
Property ID: 503925262Last Updated: 22 Oct 2021