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416 King St, Newtown

EXPRESSIONS OF INTEREST - CONTACT AGENT

1 Cars 145.40 m2

HIGH QUALITY INVESTMENT OPPORTUNITY

A unique opportunity for an investor to purchase this property which is situated on Newtown's dynamic King Street strip and a short stroll to the Enmore Rd entertainment precinct. The unbeatable combination of retail and residential makes this property a solid and sound investment. The ground and lower ground floors contain: 5 restaurant seating sections, a full commercial kitchen with a grease trap and ducted ventilation. The restaurant features substantial dining space, excellent renovated facilities and a lock-up garage with rear lane access. The first floor which has separate access, contains an oversized design design-driven 2-bedroom apartment with an open plan living area that flows to an entertaining deck. Also features sunroom, sky-lit bathroom, gas kitchen and internal laundry.

A solidly constructed building with concrete slab floors and only footsteps to train stations, buses, bars and boutiques. Currently operating as a licensed restaurant.

Tenant fully refurbished the property from the ground up when they started the tenancy in 2010 and have since become a food institution known for its high-quality food and bespoke wine list within the area and the Sydney region. One of the few restaurants of its size to survive COVID, which is a testament to its offering & clientele base.

Tri-level retail/residential property, with separate entry oversized 2-bedroom apartment including large outdoor terrace, sunroom and lock-up garage, both leased to one tenant having rear lane access from Smith Lane to be sold subject to existing tenancy, which is currently on a 3+3 lease.


- Land Area: 145.4 sqm approx.
- Municipality: Sydney City Council
- Zoning: B2 Local Centre
- Floor Space Ratio: 1.75 to 1
- Building Height Limit: 12 metres

Inspect By Appointment or As Advertised 

The information contained on this website is subject to change without notice and should be regarded as indicative only. Intending purchasers should satisfy themselves as to the truth or accuracy of any information contained in this website through their own inspections, searches, inquiries and professional advice

Details

Address 416 King St, Newtown
Price EXPRESSIONS OF INTEREST - CONTACT AGENT
Property Type Commercial
Property ID 712
Category Hotel/Leisure, Retail, Offices
Land Area 145.40 m2

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