Sold
House

315 King Street Newtown, NSW 2042

Sold on 20 Apr 2017
  • 2 Beds
  • 1 Bath
Agents

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House in Newtown

Blue Chip Investment Opportunity

  • 2 Beds
  • 1 Bath

First time offered in over 40 years, this is an outstanding investment opportunity. Located in the heart of Newtown, in a prime position amongst the most sought after retail precinct. The property is fully leased to two separate tenants, and benefits from rear access with yard and potential for off street parking STCA.

Income and Outgoings Details:
- Currently leased to two separate tenants Ground floor retail and first floor residential
- The property generates a rental income of approximately $147,890.00 per annum
- Value add opportunity with further upside
- Further income and outgoing details are stipulated in the Information Memorandum

Property Features:

  • Prime property with land site of approximately 163 sqm
  • Building area approximately 206 sqm
  • Rear lane access with potential for parking STCA
  • Zoned B2 Local Centre with Inner West Council
  • Close to Newtown Train Station, Royal Prince Alfred Hospital, University of Sydney & Broadway Shopping

Inspections by appointment
Contact Nick Arena 0404 898 774 or Joseph Bitti 0414 717 771

Auction
Friday 21st April at 10:30am
Ray White Head Office,
Level 17, 135 King Street, Sydney

Features:
  • Air Conditioning
  • Close To Schools
  • Close To Shops
  • Close To Transport
Building:

206m²

Bedrooms:

2

Bathrooms:

1

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Suburb

Newtown

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