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255 King Street Newtown, NSW 2042

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255 King Street Newtown, NSW 2042

Shop & Retail • Other • Development Sites & Land
Sold Price

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Land area

133.0m²

Floor area

259.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

04 Dec 2018

ICONIC RESTAURANT PLUS TWO RESIDENTIAL UNITS

  • Iconic retail tenant, The Italian Bowl
  • Two double storey residential units
  • Net lettable area: 259sqm*
CBRE, as the exclusive sales agent, is pleased to present 255 King Street, Newtown. This three-storey freehold building comprises two residential units and 50% of the ground floor retail shop, tenanted by the multi-award winning restaurant, The Italian Bowl. Situated in the heart of Newtown along the bustling King Street and leased to one of the suburb’s most iconic eateries, the property is a secure investment in Sydney’s rapidly growing Inner West.

255 King Street, Newtown benefits from the following key attributes:

- Two double storey residential units plus 50% of the ground floor retail shop
- Tenanted by The Italian Bowl, winner of multiple awards including ‘Best Restaurant in the Inner West’ in the Inner West Local Business Awards
- NLA: 259sqm*
- Land area: 133sqm*
- Estimated market net income: $179,637 per annum
- Secure investment with refurbishment upside
- B2 Local Centre zoning
- Set to benefit from the future Lennox Street car park upgrade
- Burgeoning suburb with strong scope for growth
- Deceased Estate

255 King Street, Newtown will be offered for sale via public auction on Tuesday, 4 December 2018 at 10.30am.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Property ID: 503015826Last Updated: 6 Feb 2019

255 King Street
Newtown, NSW 2042

Agency contacts

CBRE - Sydney

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CBRE - Sydney

Level 21, 363 George Street
SYDNEY, NSW 2000
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Send to:

Matthew Fenn
CBRE - Sydney
255 King Street Newtown, NSW 2042

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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