196-198 King Street,
Newtown, NSW 2042
Shops & Retail • Offices • Hotel, Motel & Leisure
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Map of 196-198 King Street
RARE OFFERING ON A DOUBLE BLOCK
Richardson & Wrench Newtown are pleased to offer for sale by public auction this outstanding investment opportunity, located on a prime position along Newtown's vibrant retail strip. The property is fully leased to two separate restaurants, and benefits from rear access to a wide rear lane with undercover parking provisions for three cars.
Income and Outgoings Details:
• Currently leased to two separate restaurants (Ground and First Floor)
• The property generates a total rental income of $336,239 + GST per annum
• Tenants contribute to outgoings
• Further income and outgoing details are stipulated in the Information Memorandum
Property Features:
• Large 'double block' land site of approximately 280 sqm
• The property is a freehold 'whole building' offering, and has already been subdivided into a total of two strata lots (Ground and First Floor). Please note that this is the sale of the entire freehold building as all strata lots are being offered for sale in one line.
• Rear access with rare undercover parking provisions for three cars
• Extra wide rear lane
• Modern fit out
• Male & female amenities
• Zoned B2 Local Centre with City of Sydney Council
Please contact Michael Xanthoudakis on 0417 264 7... for further enquiries.
Income and Outgoings Details:
• Currently leased to two separate restaurants (Ground and First Floor)
• The property generates a total rental income of $336,239 + GST per annum
• Tenants contribute to outgoings
• Further income and outgoing details are stipulated in the Information Memorandum
Property Features:
• Large 'double block' land site of approximately 280 sqm
• The property is a freehold 'whole building' offering, and has already been subdivided into a total of two strata lots (Ground and First Floor). Please note that this is the sale of the entire freehold building as all strata lots are being offered for sale in one line.
• Rear access with rare undercover parking provisions for three cars
• Extra wide rear lane
• Modern fit out
• Male & female amenities
• Zoned B2 Local Centre with City of Sydney Council
Please contact Michael Xanthoudakis on 0417 264 7... for further enquiries.
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
04172647...
196-198 King Street
Newtown, NSW 2042
Richardson & Wrench Newtown - Newtown214 King Street
NEWTOWN, NSW 2042
NEWTOWN, NSW 2042
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