FOR SALE
Auction: Tuesday, 23rd July 2024

163 King Street
Newtown NSW 2042

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 130m2
Land area: 145m2
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Premium Commercial Building in the Heart of King Street, Newtown

Two-storey shop in prime central location with loads of upside! This property presents a rare opportunity with rear lane access and significant potential. The ground floor features a spacious retail shop with a wide glass shopfront, kitchen facilities, an outdoor bathroom, a small storeroom, two additional rooms upstairs, loading and parking at the rear. Ideally situated in Newtown's bustling retail hub, this property offers a great investment or owner occupier opportunity.
Key Features:
> Two level commercial building with retail and office uses
> 145sqm land area
> Wide glass shopfront
> Open layout at the front, separate rooms at rear/upstairs
> Rear lane access and off-street parking via Victoria Street
> E1 Local Centre zoning
> Walking distance to bus stops, ample street parking and Newtown train station
> Ideal for commercial investment or owner occupying opportunity
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Property Details for 163 King St, Newtown

Building Type
Commercial
Floor Size
130m2
Land Size
145m2

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About Newtown 2042

The size of Newtown is approximately 1.6 square kilometres. It has 18 parks covering nearly 3.7% of total area. The population of Newtown in 2011 was 14,148 people. By 2016 the population was 15,009 showing a population growth of 6.1% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newtown work in a professional occupation. In 2011, 41.2% of the homes in Newtown were owner-occupied compared with 38.5% in 2016.

Newtown has 9,311 properties. Over the last 5 years, Houses in Newtown have seen a 37.40% increase in median value, while Units have seen a 24.85% increase. As at 31 October 2024:

  • The median value for Houses in Newtown is $1,918,799 while the median value for Units is $905,213.
  • Houses have a median rent of $900 while Units have a median rent of $625.
There are currently 37 properties listed for sale, and 49 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 325 properties were sold in the past 12 months in Newtown.

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Nicholas Smith
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Aris Giotas
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Raine & Horne Commercial Inner West/South Sydney
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