Address available on request,
Newtown, NSW 2042

Shops & Retail • Medical & Consulting • Hotel, Motel & Leisure

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PRIME RETAIL INVESTMENT - NEWTOWN

The whole property has been completely refurbished with a new fit out, quality fixtures and fittings. An enormous frontage of 8.45 metres with floor to ceiling glass bi-fold doors, opening the restaurant to exceptional street exposure to 'iconic' King Street Newtown. Having a combined floor space of 321 sqm (approx.) and land area of 260 sqm (approx.) having 2 street frontages. This quality property is currently leased for a gross income of $317,200 per annum approx.

Features fully reverse cycle ducted air conditioning, alarm system, commercial kitchen, bar, mechanical exhaust ventilation, grease trap, separate disable and male/female amenities and parking.

First Floor contains a large 4 bedroom apartment with internal laundry and separate access from Bailey Street.

FULL REPORT AVAILABLE ON REQUEST

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

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