551E King Street,
Newtown, NSW 2042

Shops & Retail

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 551E King Street

Directions

Sold - Charming Retail Shop, 3-Bed Apartment Plus Parking

This unique property offering represents an exciting opportunity to acquire a versatile commercial & residential package with high exposure to Newtown's signature thoroughfare. It is presented in good, solid condition and features a street front retail space, a three-bedroom residence plus secure parking at the rear. The property is well-presented and earning immediate rental income, plus it offers lots of future potential for an upgrade or redesign that will bring added value and really take advantage of its prime King Street position.

• Two separate tenancies bringing in solid $71,000 annual returns
• Spacious retail showroom/office space with level street access
• Private rear courtyard with secure parking accessed from the rear
• Well presented two-storey apartment with own private entrance
• Well-appointed downstairs kitchen and extra office/living area
• Prime location flanked by popular restaurants, bars and transport
• Scope to further upgrade and increase value and rental yield
• Direct King Street frontage, footsteps to train and bus connections

Land Size: 148 m2 total
Water Rates: $257 pq
Council Rates: $3,252 pa
Current Rental: Shop - $33,109.08 pa excluding GST | Two storey apartment - $745 pw
Zoning: B2 Local Centre
FSR: 1.5:1
Height Limit: 14m

Figures are approximate only.

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