597 King Street, NEWTOWN NSW 2042
Total Area: 708 m2
I.B Property are pleased to present this freehold investment property situated on a corner location with 3 frontages, containing a massive floor area of 708 m2.
New 10 X 5 X 5 Year Lease in place returning a net rental income of $290,000 + GST per annum with annual rental increases.
Note: The business and 12 poker machines are incorporated in the lease and ownership of both the business and the poker machines will revert back to the owner of the property at the expiry of the lease.
This property is undoubtedly situated in an excellent position on King Street and takes full advantage of the new 3,500 residential unit developments that are in close proximity.
King Street Newtown is an iconic shopping and entertainment destination the perfect place to invest.
“TRULY A RARE INVESTMENT OPPORTUNITY”
Method of sale: Expressions of Interest closing Thursday 2nd April 2020 at 4:00pm