Address available on request,
Newtown, NSW 2042

Shops & Retail

Key property information

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Leased on

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Prime restaurant opportunity in the heart of King Street Newtown

A rare opportunity to lease an existing fully operational restaurant space in the centre of King Street's vibrant retail and restaurant strip. Included in this lease offering is the opportunity to purchase the equipment, fixtures and fittings from the current operator at a realistic price.

Address can be provided upon enquiry.

Property Features:
*Extra wide prominent shop front
*Approximately 100m2 floor area
*Fully fitted and operational restaurant including commercial kitchen and exhaust
*Functional cool room
*Separate male and female amenities
*Parking and access via rear lane
*Air conditioning

Rent and Outgoings Payments:
*Rent for shop is approximately $1,250 + GST per week
*Tenant outgoings contributions are approximately $400 + GST per week
*Existing lease terms provide an expiry date in November 2021 (approximately) with a 5 year option.

You are welcome to contact Anthony Markakis on 0419 608 4... or anthony@rwnewtown.com.au to arrange an inspection and further discuss this rare opportunity.

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

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Most households

0419 608 4...