SOLD
Sold on 17 Aug 2023 for $3,200,000

223 King Street
Newtown NSW 2042

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 183m2
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Sold By
James Campbell
IB Property
Paul Grasso
IB Property
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Property Details for 223 King St, Newtown

223 King St, Newtown is a 2 bedroom, 1 bathroom Unit. The property has a land size of 183m2. While the property is not currently for sale or for rent, it was last sold in August 2023. There are other 2 bedroom Unit sold in Newtown in the last 12 months.

Building Type
Unit
Land Size
183m2
Local Government
Sydney
Lot/Plan
8/DP217835

Last Listing description (August 2023)

I.B Property is delighted to present 223 King Street, Newtowna 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.

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Property History for 223 King St, Newtown, NSW 2042

A timeline of how this property has performed in the market
Last Sold
$3,200,000
17 Aug 2023
Listed for Rent
19 Feb 2024
  • 17 Aug 2023
    Sold for $3,200,000
  • 25 Jul 2023
    Listed for Sale Contact Agent
  • 19 May 2023
    Sold
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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 9,372 properties.

    There are currently 31 properties listed for sale, and 50 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 374 properties were sold in the past 12 months in Newtown.

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