2 x Retail & 3 x Residential - Suitable for Development (STCA)
601 - 603 King Street Newtown
4 bed | 4 bath | 2 carA unique opportunity to acquire 2 x retail shop fronts with residential upstairs, suitable for development (STCA).
Investors or owner occupiers, 601 King St is currently leased to MakMak - a macaron bakery plus offers 2 separate residences accessible from the rear as well as a large courtyard. 603 King St is leased to a Laundromat and offers a retail shop front with a large first floor 1 bedroom residence with eat in kitchen, utility area, store room, toilet, storage shed, plus courtyard and grassed area with off-street rear parking for 2 cars.
This property offers enormous growth potential and plenty of possibilities to improve or redevelop.
Offering a coveted inner-west lifestyle, it is an easy stroll to Erskineville Village, King Street eateries and the bustling Enmore Road as well as many transport options, Sydney University, local schools & Sydney Park only moments away.
* Current Gross Annual Return Of $97 438.40 p.a
* Gross Floor Area Of Approx 243sqm
* Total combined land area of Approx 404.1sqm
* FSR 1.5 TO 1
* Height Limit of 14 meters
* Zoned B2 Local Centre Marrickville LEP 2011
* Great Frontage Of 10.06 meters To King St
02 9387 2422
02 9387 2422