NEWTOWN, 595 King Street

$1,855,000  

    RENOVATORS DELIGHT'

    Property ID: 9105515

    Over 7 metre wide two storey shop with three bedroom residence, large attic and rear off street parking for 2 to 3 cars, offers enormous growth potential and loads of possibilities to improve. Tremendous exposure having a huge frontage of approximately 7.24 metres. The property would certainly benefit by renovation as it is located on iconic' King Street in Newtown. Containing a total gross floor space of approximately 170sqm and a massive land area of approximately 228sqm. This is an excellent opportunity for an owner occupier, investor, builder or developer to secure this most valuable retail/residential property. According to Council the floor space ratio is FSR 1.5:1, allowable building floor space approximately 340sqm possibly more with an affordable housing development), maximum building height limit is 14 metres or 4 floors and zoned B2 Local Centre. Numerous possible uses include; pizzeria, chemist, fish & chips, medical centre, kebab takeaway, Chinese noodle shop, restricted premises and mixed residential and commercial uses STCA.

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