514 King Street,
Newtown, NSW 2042
Shops & Retail • Other
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X Commercial - Mascot
Suite 10.01/289 King StreetMASCOT, NSW 2020
04164791...
514 King Street
Newtown, NSW 2042
Map of 514 King Street
SOLD PRE-AUCTION!
- Retail and Residential Investment
- Retail Laundromat
- 2 Bed Apartment with King Street Access
THE OFFERING
X Commercial and Ray White Erskineville are pleased to bring this fully leased mixed-use retail and residential property to market via Auction on 7th December 2021.
The property sits on 125m2 of land with private lane access via the rear courtyard. The retail shop has a long-term laundromat tenant with a recently renovated 2 bedroom apartment above. Total building area is 160m2 (approx.). There's potential to value add with a second residential apartment or convert the retail and courtyard to a restaurant (STCA).
X MARKS THE SPOT
514 King Street is on the Erskineville side of the vibrant south King Street strip. This colourful and dynamic area brings a wide range of visitors from diverse backgrounds attracted to the bars, restaurants and shops that line the street between Newtown Station (500m) and Sydney Park (650m).
X-FACTORS
- Retail and Residential Investment
- 2 Bed Apartment with King Street Access
- Zoned Local Centre B2
- Value-add Potential to Renew or Refresh
- Gross Floor Space 160sqm (approx.)
Auction Details - Tuesday 7th December 2021 @ 10:30am.
For further details, arrange an inspection or for a copy of the information memorandum, please contact the below exclusive selling agents.
CONTACT
Tony Crane - X Commercial
0416 479 1...
Timothy Gorring - Ray White Erskineville
0438 822 281
X Commercial and Ray White Erskineville are pleased to bring this fully leased mixed-use retail and residential property to market via Auction on 7th December 2021.
The property sits on 125m2 of land with private lane access via the rear courtyard. The retail shop has a long-term laundromat tenant with a recently renovated 2 bedroom apartment above. Total building area is 160m2 (approx.). There's potential to value add with a second residential apartment or convert the retail and courtyard to a restaurant (STCA).
X MARKS THE SPOT
514 King Street is on the Erskineville side of the vibrant south King Street strip. This colourful and dynamic area brings a wide range of visitors from diverse backgrounds attracted to the bars, restaurants and shops that line the street between Newtown Station (500m) and Sydney Park (650m).
X-FACTORS
- Retail and Residential Investment
- 2 Bed Apartment with King Street Access
- Zoned Local Centre B2
- Value-add Potential to Renew or Refresh
- Gross Floor Space 160sqm (approx.)
Auction Details - Tuesday 7th December 2021 @ 10:30am.
For further details, arrange an inspection or for a copy of the information memorandum, please contact the below exclusive selling agents.
CONTACT
Tony Crane - X Commercial
0416 479 1...
Timothy Gorring - Ray White Erskineville
0438 822 281
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
X Commercial - MascotSuite 10.01/289 King Street
MASCOT, NSW 2020
MASCOT, NSW 2020
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