165 , King Street, NEWTOWN, NSW


For Sale

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Retail and Residential Property with Development Upside


Property Features
  • Category : Retail
  • Land Area:164 Square Metres
  • Building Area: 239
  • Car Spaces: 1
  • Tenancy: Vacant

Property Description
On offer is this exceptional opportunity to secure a prime commercial/residential property package and capitalise on its numerous creative possibilities. Occupying a premium north Newtown position with wide frontage onto King Street, this former restaurant and upstairs space are ready for an upgrade or development to truly capitalise on this property. There is scope to upgrade the commercial area and develop the upper level into multiple residential apartments if desired, subject to approval.
- Featuring 164sqm land size with car access from the rear lane
- 239sqm floorspace including a large open retail showroom
- Commercial-grade cool room, functional kitchen and grease trap
- Bright and airy upstairs apartment or office space, featuring 4 large rooms
- Extra-height ceilings, polished timber floors and original details
- Potential to develop the upper level into multiple apartments (STCA)
- Food approved with scope for street-front retail, restaurant or cafe
- Ease of access for customers with city buses at the front door

Council Rates: $8,051 p.a
Water Rates: $1,760 p.a
Land Size: 164 sqm
Previous Rental: $144,000 p.a. incl GST

Figures are approximate only.
Property Agent

Advert Id:76928

Name:Chris Albrecht

Phone: 0413 4****

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