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BUILDING & BUSINESS SALE: High RETAIL Income + High 13Room BOARDING House INCOME

  • 13
  • 6
  • 1

$4,550,000

Situated on a large parcel of land 379.4sqm & recognized as the 3rd longest standing building on King Street, this 2 level masterpiece was constructed in 1830's & still retains some of its original features... Hand crafted staircase... 2 log wood fireplaces featuring 'one-off' hand painted tiled surrounds & high ceilings. The building has been modernised with convertible automatic rooftop opening, exterior & interior fit-outs including DISABILITY ACCESS for clientele & enclosed front courtyard. There's also rear lane access & common garden courtyard with optional parking space available.

The building currently houses a commercial tenant being a Modern café restaurant PLUS an Established 13 Room Boarding House Business founded 1973... the Council LEP allows for further development opportunity to construct residential units - building height up-to 14metres - & subject to the approval of council... OR...For added value to your investment, you may consider a clever conversion TO SELF CONTAINED MICRO STUDIOS where you can LET & FORGET ...(PROPOSED Architectural PLANS are AVAILABLE for 10 self-contained studio conversion & subject to the approval of council).

Along with the staple rental INCOME you receive from the cafe tenant: this is over $90,000.... when you purchase this building it comes complete with the adjoining 13 ROOM Boarding House BUSINESS where rooms are repeatedly rented for short or long term stays & where the rental INCOME received from this business is quite substantial... There's also high Capital Growth in this inner Sydney neighborhood renown for being a Prosperous music, theatre, design & food precinct.

Located within walk distance to Newtown & St Peters stations & a bus stop at your doorstep, its handy for Sydney wide & country traveling. Contact Marya m 0425 275 555 to discuss or inspect.

Sale TypePrivate Treaty
Bedrooms13
Bathrooms6
Car Spaces1
Land Size379.4 m2


Property Overview

Property ID:

res1271

Location

415 King Street NEWTOWN, NSW

Opening Times:

Viewings by appointment only

Features:

Contact Seller

Marya Stylli

Phone: 1300 862 385

Mobile: 0425 275 555

Contact seller