22-24 King Street,
Newtown, NSW 2042

Shops & Retail • Medical & Consulting • Other

Key property information

Floor area

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Map of 22-24 King Street

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FULLY LEASED RETAIL INVESTMENT

2 X 2 STOREY SHOPS ON PROMINENT CORNER LOCATION
The whole property is rented to one long term tenant.
This is a rare opportunity for an investor to acquire 2 well positioned retail properties in Sydney's busy & ever popular King Street retail strip. The two shops have been combined to form a spacious restaurant with upstairs function rooms. Floor space/building area is 240 sqm approx. NOTE: Leased at $125,000 per annum + GST on a 5 year lease with a 5 year option with rent reviews annually.
Please note each shop and residence is on a separate title adding to its capital growth potential

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

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Most residents

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Most households