Ideal for Investors, Occupiers & Developers this property is located in the vibrant heart of Newtown, this rare property offers a prime investment opportunity with dual street access, including a large loading dock via Smith Lane. Sitting on approximately 305.6 square meters of land, the site is zoned E1 Local Centre, offering flexibility for a range of uses and future redevelopment potential (subject to council approval). With a 12-meter height limit and an FSR of 1.75:1, the possibilities for development are promising.
Property Highlights:
Internal Area: Approx. 227 sqm
Large 305.6 sqm block*
Dual Street Access with loading dock via Smith Lane
Attractive E1 Local Centre Zoning with Redevelopment Potential (STCA)
Current Lease Details:
Tenant: Well-established retail tenant with an annual Income Of $169,786.68 Inc GST Inclusive of Outgoings
Prime Location:
This property is situated in one of Newtown's most sought-after areas, surrounded by an array of vibrant cafes, restaurants, retail shops, and entertainment venues. It is within easy walking distance of the following:
Newtown Station: Approx. 350 meters Away, providing excellent access to public transport and direct train services to the Sydney CBD.
Two Local Schools: Approx 800 & 550 meters away
Public Transport: In addition to Newtown Station, the property is serviced by numerous bus routes along King Street, offering easy access to surrounding suburbs and the wider Sydney area.
Parks & Recreation: Close Proximity to Hollis Park and Sydney Park
This property presents a rare opportunity that won't last long, so be quick to secure your spot!
To book a private inspection or for more information, please contact:
Aaron Papadimatos 0401 549 572 or Philipp Tsiprin 0498 388 338
