28 King Street,
Newtown, NSW 2042

Shops & Retail

Price information

Sold

$870,000

Key property information

Floor area

Parking info

Property extent

Zoning

Tenure type

Sold on

Return

Map of 28 King Street

Directions

IDEAL INVESTMENT

FULLY LEASED INVESTMENT @ $60K PA. RETAIL SHOP + Separate self contained 2 BEDROOM FLAT. AN ENTRY LEVEL INVESTMENT ON KING STREET.
A rare opportunity for an investor to acquire a well positioned investment property in Sydney's busy & ever popular King Street retail strip. This quality offering is currently returning approx $60,000 per annum net and has the added potential for strong future capital growth and rising rental income returns. Lock up shop floor area - approx 78sqm, 2 bedroom flat with separate street entrance - approx 50sqm. Wide street frontage approx 5.5m. Flat is leased at $390pw, lock up shop leased at $800pw net + GST = Total rent $1,190 per week. Near Sydney University and RPA Hospital. Excellent exposure, Zoned Commercial, net rental return per annum approx $60,000.

Property ID: 5618632Last Updated: 5 Dec 2013

This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.

02 9569 48...