525 King Street,
Newtown, NSW 2042

Shops & Retail • Showrooms & Large Format Retail • Other

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SOLD BY Victor Kelly 0419 212810

SHOP & 3 BR RESIDENCE ON EXTRA LARGE LAND
A unique opportunity for either an investor, owner-occupier or small developer/builder to purchase this valuable retail and residential property. Situated on Newtowns dynamic King Street shopping strip. Surrounded by cafes, galleries, restaurants, speciality shops, professional services, health stores and lively Hotels. This valuable two storey shop and residence has rear car access. Consists of Ground Floor; retail shop, lounge room, eat-in-kitchen and laundry. First Floor; 3 spacious bedrooms bathroom . Note the shop and residence can potentially be rented separately. Tremendous potential to redevelopment (STCA). FSR is 1.5, building height limit 14 metres (4 levels), land area 252 sqm approx. Dimension 4.4 X 64 Allowable floor space 378 sqm approx. Newtown is a unique marketplace due to its high volume of pedestrian traffic which delivers a vibrant day and night business environment. Newtown has a trade population of approx. 50,000 people within 1.5kms, approx. and is the perfect place to invest or an owner occupier to start a business venture.

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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

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$2,330 per week

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34 years

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