42 King Street,
Newtown, NSW 2042

Shops & Retail • Hotel, Motel & Leisure • Showrooms & Large Format Retail

Key property information

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Map of 42 King Street

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COMMERCIAL INVESTMENT

A unique opportunity for an investor to purchase this valuable property. Situated in Newtowns dynamic shopping strip. Located in close proximity to Sydney University, Royal Prince Alfred Hospital, Broadway, UTS, schools parks and Sydney Central Business District.
The Vanguard @ Newtown is a fully licensed trendy Soho style restaurant/bar/night club with POPE approval as a live entertainment venue. This valuable commercial freehold property is leased for a 5+5 years with a rental income of approx. $185,000 pa + GST. This is an excellent opportunity to acquire a 3 level building of approximately 440 sqm of floor area and over 323 sqm of land. Zoned General Business 3A. A most sought-after commercial building. King Street, Newtown is unique, electric and caters to all individuals. TRULY A RARE FIND

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

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