UNDER CONTRACT
This quality offering is currently leased for a term of 5 years returning $106,600 + GST per annum with 3% annual rental increases.
High exposure position with a frontage of 5.5 metres (approx.) to iconic' King Street Newtown. Consisting of a single storey retail shop with associated office, bathroom and washroom having a gross floor space of approximately 100sqm and land area is 202 sqm(approx.)
This is a tremendous opportunity for an astute investor to secure this valuable retail property.
Zoned B2 Local Centre. Numerous possibilities abound, allowable uses include Boarding houses; Medical centres; Restricted premises; Shop top housing; mixed-use residential and retail to name a few. STCA.
Newtown is a unique marketplace due to its high volume of pedestrian traffic which delivers a vibrant day and night business environment. Newtown has a trade population of approx. 50,000 people within 1.5kms, approx.
TRULY A RARE FIND
Information memorandum is available on request.
