459 King Street Newtown NSW 2042

A unique investment prospect in the heart of Newtown, this two-storey mixed use terrace comprises a ground floor retail space with scope to expand or create a second shop/residence at the rear, along with an existing two-bedroom apartment upstairs. Each area of this unique property can be accessed separately and together provide potential returns of more than $90k pa if maximised. The property also features secure off-street parking with rear lane access, while the location is only footsteps to Newtown's main business, retail, dining and entertainment hub.

Features:
• In-demand position on King St featuring high visibility
• Surrounded by boutique shops, cafes and restaurants
• Buses at door, close to St Peters and Newtown stations
• Commenced renovation with scope for a modern fit-out
• Leased 32sqm ground floor shop returns approx. $20k pa
• Option for expansion, second shop or private residence
• Two bed/one bath apartment upstairs with private entry
• Rare and highly desirable investment in a prime location

Land Size: 193 sqm
Council Rates: $989 pq
Water Rates: $280 pq
Potential rent prior to renovation approx. $50,000
Potential rent after renovation approx. $90,000

Figures are approximate only

Open for Inspection Times:
Sat 13 August 1:30-2pm
Sat 20 August 1:30-2pm
Sat 27 August 1:30-2pm

Wed 10 August 1:30-2pm
Wed 17 August 1:30-2pm
Wed 24 August 1:30-2pm
Wed 31 August 1:30-2pm