287-291 King Street,
Newtown, NSW 2042
Shops & Retail • Offices • Medical & Consulting
Key property information
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Floor area
Tenure type
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RWC - Western Sydney
15-17 Argyle StreetPARRAMATTA, NSW 2150
287-291 King Street
Newtown, NSW 2042
Map of 287-291 King Street
Mixed-use Trophy Asset in the Heart of Newtown
Ray White Commercial NSW is exceptionally excited to present 287-291 King Street Newtown for sale via Auction.
Offered for the first time in over 35 years, this trophy asset is situated one of Sydney's most bustling and vibrant locations in the heart of Newtown.
Commanding a substantial site area of 724m2* with rear lane access via Mary Street, the site offers a diverse and stable income stream with 2 retail shops and 9 residential apartments above.
Additional highlights of the property are outlined below:
• Potential income of $576,153 excluding GST* fully occupied
• 3 level building comprising two retail tenancies, consulting rooms and 9 residential apartments
• Substantial site area of 724m2*
• Value-add potential or conversion^
• Multiple and diverse income streams
• Expansive frontage to the acclaimed King Street
• Rear lane access with onsite car parking
• Once in a generation opportunity
• 170* metres to Newtown railway station
• Moments to RPA Hospital, Sydney University
• Less than 4kms* to Sydney CBD
Online Auction, Thursday 30 September 2021 at 12pm.
For more information, please contact the exclusive agents.
* Approximately
^ Subject to Council Approval
Offered for the first time in over 35 years, this trophy asset is situated one of Sydney's most bustling and vibrant locations in the heart of Newtown.
Commanding a substantial site area of 724m2* with rear lane access via Mary Street, the site offers a diverse and stable income stream with 2 retail shops and 9 residential apartments above.
Additional highlights of the property are outlined below:
• Potential income of $576,153 excluding GST* fully occupied
• 3 level building comprising two retail tenancies, consulting rooms and 9 residential apartments
• Substantial site area of 724m2*
• Value-add potential or conversion^
• Multiple and diverse income streams
• Expansive frontage to the acclaimed King Street
• Rear lane access with onsite car parking
• Once in a generation opportunity
• 170* metres to Newtown railway station
• Moments to RPA Hospital, Sydney University
• Less than 4kms* to Sydney CBD
Online Auction, Thursday 30 September 2021 at 12pm.
For more information, please contact the exclusive agents.
* Approximately
^ Subject to Council Approval
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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
RWC - Western Sydney 15-17 Argyle Street
PARRAMATTA, NSW 2150
PARRAMATTA, NSW 2150
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