601 King Street,
Newtown, NSW 2042
Shops & Retail • Other
Key property information
Land area
Floor area
Parking info
Tenure type
Sold on
Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
601 King Street
Newtown, NSW 2042
Map of 601 King Street
Modern Freehold Mixed-Use Asset | 16 Self Contained Studio’s + Ground Floor Retail
- 16 apartments plus ground floor retail
- Excellent cashflow
- Next to St Peters Train Station
Generating substantial income streams this beautifully appointed modern freehold demonstrates the resilience of quality accommodation assets in well located and connected markets such as Newtown.
This commanding freehold property offers:
- 16 Self Contained next generation apartments over three levels is serviced via internal lift and complemented with communal areas
- Ground floor retail shop leased to well renowned local business, Pistou
- Net Income – fully leased basis of $319,581 per annum* with potential to improve significantly
- Building Area of 476 m²*
- Land Area of 342.5 m²*
- Exceptional Modern Design with highly sought-after communal areas and value-add amenities
- Moments to St. Peters Train Station, Sydney’s Tertiary Education precinct and key infrastructure projects
- Positioned within Sydney’s premier lifestyle precinct surrounded by retail, restaurants & cafes
- Diverse & multiple income streams with potential to improve further
- Significant depreciation benefits available
- Valuable onsite secure parking
601 King Street, Newtown will be offered for sale by way of Public Online Auction on Thursday, 23 September 2021 at 10:30am (AEST).
For further details, please contact Ari Danas of Danas Property or Miron Solomons and Matt Pontey of Colliers International.
^ Please note a virtual inspection of the property is available or via private one on one in keeping with the government guidelines.
* Approximately
This commanding freehold property offers:
- 16 Self Contained next generation apartments over three levels is serviced via internal lift and complemented with communal areas
- Ground floor retail shop leased to well renowned local business, Pistou
- Net Income – fully leased basis of $319,581 per annum* with potential to improve significantly
- Building Area of 476 m²*
- Land Area of 342.5 m²*
- Exceptional Modern Design with highly sought-after communal areas and value-add amenities
- Moments to St. Peters Train Station, Sydney’s Tertiary Education precinct and key infrastructure projects
- Positioned within Sydney’s premier lifestyle precinct surrounded by retail, restaurants & cafes
- Diverse & multiple income streams with potential to improve further
- Significant depreciation benefits available
- Valuable onsite secure parking
601 King Street, Newtown will be offered for sale by way of Public Online Auction on Thursday, 23 September 2021 at 10:30am (AEST).
For further details, please contact Ari Danas of Danas Property or Miron Solomons and Matt Pontey of Colliers International.
^ Please note a virtual inspection of the property is available or via private one on one in keeping with the government guidelines.
* Approximately
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
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Contact Agency
Danas property - MARRICKVILLE416 Illawarra Road
MARRICKVILLE, NSW 2204
MARRICKVILLE, NSW 2204
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