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KING STREET INVESTMENT WITH UPSIDE

514 King Street Newtown

Auction 7th December 2021 at 10:30am

THE OFFERING
X Commercial and Ray White Erskineville are pleased to bring this fully leased mixed-use retail and residential property to market via Auction on 7th December 2021.

The property sits on 125m2 of land with private lane access via the rear courtyard. The retail shop has a long-term laundromat tenant with a recently renovated 2 bedroom apartment above. Total building area is 160m2 (approx.). There's potential to value add with a second residential apartment or convert the retail and courtyard to a restaurant (STCA).

X MARKS THE SPOT
514 King Street is on the Erskineville side of the vibrant south King Street strip. This colourful and dynamic area brings a wide range of visitors from diverse backgrounds attracted to the bars, restaurants and shops that line the street between Newtown Station (500m) and Sydney Park (650m).

X-FACTORS
Retail and Residential Investment 2 Bed Apartment with King Street Access Zoned Local Centre B2 Value-add Potential to Renew or Refresh Gross Floor Space 160sqm (approx.)
Auction Details - Tuesday 7th December 2021 @ 10:30am.

For further details, arrange an inspection or for a copy of the information memorandum, please contact the below exclusive selling agents.

CONTACT
Tony Crane - X Commercial
0416 479 189

Timothy Gorring - Ray White Erskineville
0438 822 281

Auction

7th December 2021 10:30am

Price Guide

Auction

Property Type

Retail

Land area approx

125sqm

Floor area approx

160sqm

Inspection Details

Please contact Tony Crane to arrange an appointment.

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