Address available on request,
Newtown, NSW 2042
Shops & Retail
Key property information
Land area
Floor area
Car spaces
Zoning
Tenure type
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RETAIL INVESTMENT NEWTOWN
EXCELLENT RENTAL RETURN - AAA LONG-TERM TENANT - SUPERB RETAIL LOCATION.
4.5% NET RENTAL RETURN PER ANNUM EXCLUDING GST.
Retail Shop located in busy Enmore Road, Newtown having generous street exposure, and loads of passing pedestrian traffic. Current rent is $49,031 + GST per annum with 4% annual rental increases. This property offers great exposure and a unique investment opportunity to secure a prominent retail property.
The premise consists of retail space, one secure car space and a storage cage. The total area on the title is 70 sqm. with a frontage of approximately 5.0 metres. Near new property, the complex contains 5 stylish shops and 29 one, two and three-bedroom apartments.
Shop 5 has high ceilings, a polished concrete floor and large windows. Suitable for many types of businesses, the premises has been home to The Stinking Bishops restaurant for 10 years.
FEATURES:
• Premium Retail Investment
• Current Use - Restaurant
• Current Lease Term 3 Years with An Option of a further 3 Years
• Zoned B2 Local Centre
• Inner West Council LGA
• Air-Conditioning
• Strong investment opportunity
• Highly sought-after location with exposure to passing foot and vehicular traffic
• AAA Current tenant
• Public transport at your doorstep
4.5% NET RENTAL RETURN PER ANNUM EXCLUDING GST.
Retail Shop located in busy Enmore Road, Newtown having generous street exposure, and loads of passing pedestrian traffic. Current rent is $49,031 + GST per annum with 4% annual rental increases. This property offers great exposure and a unique investment opportunity to secure a prominent retail property.
The premise consists of retail space, one secure car space and a storage cage. The total area on the title is 70 sqm. with a frontage of approximately 5.0 metres. Near new property, the complex contains 5 stylish shops and 29 one, two and three-bedroom apartments.
Shop 5 has high ceilings, a polished concrete floor and large windows. Suitable for many types of businesses, the premises has been home to The Stinking Bishops restaurant for 10 years.
FEATURES:
• Premium Retail Investment
• Current Use - Restaurant
• Current Lease Term 3 Years with An Option of a further 3 Years
• Zoned B2 Local Centre
• Inner West Council LGA
• Air-Conditioning
• Strong investment opportunity
• Highly sought-after location with exposure to passing foot and vehicular traffic
• AAA Current tenant
• Public transport at your doorstep
Additional information
External websites
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
Victor Kelly Estate Agents - NEWTOWN
PO BOX 697NEWTOWN, NSW 2042
Address available on request
Newtown, NSW 2042
Victor Kelly Estate Agents - NEWTOWNPO BOX 697
NEWTOWN, NSW 2042
NEWTOWN, NSW 2042
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