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Belle Property Commercial - Inner West

91 Watkin Street Newtown, NSW 2042

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91 Watkin Street,
Newtown, NSW 2042

Development Sites & Land • Offices • Other

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Sale - Auction Mon 8 Nov

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Belle Property Commercial - Inner West
Rocco Tripodi
Andrew Bozza

Belle Property Commercial - Inner West

186 Enmore Road
NEWTOWN, NSW 2042
Belle Property Commercial - Inner West
91 Watkin Street
Newtown, NSW 2042

Detailed listing

Map of 91 Watkin Street

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  • Train stations within 5 km of 91 Watkin Street, Newtown, NSW 2042Distance
    Macdonaldtown Station140 m
    Erskineville Station352 m
    Newtown Station470 m
    St Peters Station1.1 km
    Redfern Station1.5 km
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  • Tram stops within 5 km of 91 Watkin Street, Newtown, NSW 2042Distance
    Glebe Light Rail Station2.3 km
    Wentworth Park Light Rail2.7 km
    Central Station Light Rail2.7 km
    Exhibition Light Rail Station2.7 km
    Capitol Square Light Rail2.8 km
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  • Bus stops within 5 km of 91 Watkin Street, Newtown, NSW 2042Distance
    Erskineville Rd at Charles St278 m
    Erskineville Rd at Prospect St294 m
    King St at Erskineville Rd321 m
    King St at Horden St321 m
    King St Before Watkin St362 m
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Versatile Investment with significant development upside!

  • BOARDING HOUSE DEVELOPMENT
  • DEVELOP MULTIPULE DWELLINGS
  • HOLDING INCOME
Belle Property Commercial are pleased to offer this rare opportunity to acquire this versatile investment within the highly prized and affluent North Newtown Market. This free-standing building with an R1 zoning is currently being utilised as creative office space (existing use rights).

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.

Investment Highlights

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

Agency contacts

Belle Property Commercial - Inner West
186 Enmore Road
NEWTOWN, NSW 2042
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