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223 King St
Newtown NSW 2042
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Sold on 17 Aug 2023

223 King St Newtown NSW 2042

  • Shop & Retail
  • 183 m²
  • Sold, $3,200,000

Freehold mixed-use building in the heart of Newtown

    I.B Property is delighted to present 223 King Street, Newtowna remarkable and highly sought-after opportunity for investors. This prime freehold building is strategically situated along Newtown's main bustling arterial road, making it an ideal location for premium retail ventures.

    Fully leased, this property features a ground-floor retail shop, 1 x 1 bedroom apartment & 1 x 2 bedroom apartment, offering a diversified income stream.

    With favourable B2 Local Ground zoning, ground floor retail is currently occupied by Gong Cha, enjoying excellent street exposure on Newtown's main arterial road. The tenanted residential units on level 1 comprise a 2-bedroom apartment and level 2 a 1-bedroom apartment.

    The property benefits from a dynamic and trendy neighbourhood of Newtown, surrounded by cafes, restaurants, amenities and only 400m* from Newtown Station.

    Premium Retail Location:
    Mixed use freehold investment opportunity
    Ground floor retail plus, 1 x 1 bedroom apartment and 1 x 2 bedroom apartment
    Retail currently tenanted by well-known international F&B operator - Gong Cha
    183sqm* of land area
    Excellent Street exposure along King Street
    Favourable Local Centre B2 zoning
    High Ceilings throughout
    Fully leased investment opportunity with a diversified income stream
    Only minutes away from Newtown Train Station, countless restaurants, cafes & shops along King Street

    This exceptional property will be sold via public auction on Thursday, 17th August 2023 at 10.30am.

    For more information, please contact the exclusive listing agents.

    AUCTION

    Auction date and time17/08/2023 10:30
    Auction location223 King St, Newtown NSW
    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold17 Aug 2023
    Sold Price$3,200,000
    Floor Area183 m²
    Land Area183 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2018648561
    Category
    Last updated  17 Aug 2023
    Map for 223 King St Newtown NSW 2042

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    IB Property
    IB Property
    322 Crown Street
    Surry Hills, NSW 2010

    Property Highlights

    Date Sold17 Aug 2023
    Sold Price$3,200,000
    Floor Area183 m²
    Land Area183 m²
    ParkingAsk Agent
    Building TypeWhole building
    Property ID2018648561
    Category
    Last updated  17 Aug 2023

    Co-Agents

    James Campbell
    James Campbell
    IB Property
    Call
    0472 985 664

    More about 223 King St Newtown NSW 2042

    223 King St Newtown NSW 2042 is categorized as Shop & Retail Property. It has a floor area of 183 m² and a land area of 183 m². The listing ID for this property is 2018648561.

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