Blue Chip High Yield Opportunity For Owner Occupier or Investor
421 King Street Newtown
Rare opportunity to acquire a Freehold mixed-use terrace on vibrant King Street, Newtown with development upside. Perfectly located in the buzzing King St retail precinct only a short stroll away from Enmore Rd entertainment precinct, this high quality commercial retail space plus a refurbished three bedroom split-level terrace has it all. Both the retail and the residential spaces have separate entry + Parking for up to three cars and internal access between properties if needed.
This quality property currently has two separate tenancies in place netting approximately $94,925 per annum in combined income. This equates to an impressive 5% NET return at current asking price.
Owner fully refurbished the internals of the property recently including a brand new kitchen, bathroom & flooring. Retail space in excellent condition and has been meticulously maintained. Highly desirable gated rear-lane access to oversized courtyard and/or parking for up to three cars tandem style.
Land Area: 193sqm approx. 3 Parking Spaces Option to take Vacant Possession this year Floor Area: 125sqm approx. Floor Space Ratio: 1:5 to 1 FSR - Development upside Zoning: Local Centre B2 Municipality: Inner West Council Building Height Limit: 14 metres Rear lane access with courtyard High quality retail space + refurbished terrace High ceilings, new timber floors, kitchen & bathroom Premium location and street exposure Only minutes walk to Newtown station, bus stops plus Sydney Park
Inspect: By Appointment
For more information or to organise an inspection, please contact the exclusive agents
Lucas McKay - 0403 227 123
Daniel O'Brien - 0404 860 747