Freehold mixed-use building in the heart of Newtown

Details

I.B Property is delighted to present 223 King Street, Newtown—a remarkable and highly sought-after opportunity for investors. This prime freehold building is strategically situated along Newtown’s main bustling arterial road, making it an ideal location for premium retail ventures.

Fully leased, this property features a ground-floor retail shop, 1 x 1 bedroom apartment & 1 x 2 bedroom apartment, offering a diversified income stream.

With favourable B2 Local Ground zoning, ground floor retail is currently occupied by Gong Cha, enjoying excellent street exposure on Newtown’s main arterial road. The tenanted residential units on level 1 comprise a 2-bedroom apartment and level 2 a 1-bedroom apartment.

The property benefits from a dynamic and trendy neighbourhood of Newtown, surrounded by cafes, restaurants, amenities and only 400m* from Newtown Station.

Premium Retail Location:
• Mixed use freehold investment opportunity
• Ground floor retail plus, 1 x 1 bedroom apartment and 1 x 2 bedroom apartment
• Retail currently tenanted by well-known international F&B operator – Gong Cha
• 183sqm* of land area
• Excellent Street exposure along King Street
• Favourable Local Centre B2 zoning
• High Ceilings throughout
• Fully leased investment opportunity with a diversified income stream
• Only minutes away from Newtown Train Station, countless restaurants, cafes & shops along King Street

This exceptional property will be sold via public auction on Thursday, 17th August 2023 at 10.30am.

For more information, please contact the exclusive listing agents.