NEWTOWN, 416 King Street

SOLD @ AUCTION  

    SOLD BY Victor Kelly 0419 212 810

    Property ID: 5269874

    A unique opportunity for an investor to purchase this refurbished three level retail/residential property situated in Newtown's dynamic King Street shopping strip.
    The unbeatable combination of retail and residential makes this property a solid and sound investment. The ground and lower ground floors contains; 4 restaurant seating sections, full commercial kitchen with grease trap and ducted ventilation. The restaurant features substantial dining space, excellent facilities, and a lock up garage with rear lane access. The first floor contains a separate design driven 2 bedroom apartment with open plan living area which flows to an entertaining deck. Features; sun room, sky-lit bathroom, gas kitchen and internal laundry.
    A solidly constructed building with concrete slab floors and being footsteps to buses, eateries, boutiques, and venues. Currently operating as a licensed wine bar/restaurant.
    This quality investment property is currently returning approx. $136,199 per annum + GST with annual rent increases of 4% per annum. NOTE ALL AREAS ARE APPROXIMATES.

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