490-492 King Street,
Newtown, NSW 2042

Shops & Retail • Showrooms & Large Format Retail

Key property information

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Floor area

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Map of 490-492 King Street

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Double Block With Potential

First time offered in over 50 years, this double block in King Street Newtown, is best known for its famous Pasha's Restaurant being in this spot since 1975. The property was originally set as 2 separate shops and residences, however now it is acquired as the one restaurant which is occupied over two levels with a rear courtyard.

Features Include:
-Large double frontage
-High ceilings
-Large outdoor courtyard
-Rear lane access
-Large potential rental upside
-Land area 245sqm, Zoned Local Centre B2, Possible Boarding House and Student accommodation, retail, residential subject to council approval

Open for inspection:
Saturday 12:15-1pm & Wednesday 2-2:30pm

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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