SOLD
Sold on 17 May 2024 for $4,092,419

415 King Street
Newtown NSW 2042

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 372m2
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Property Details for 415 King St, Newtown

415 King St, Newtown is a 0 bedroom, 0 bathroom House with 1 parking spaces. The property has a land size of 372m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom House sold in Newtown in the last 12 months.

Building Type
House
Land Size
372m2
Local Government
Inner West
Lot/Plan
A/DP107733

Last Listing description (November 2023)

Warm & friendly... ENCLOSED COURTYARD with Mezzanine level fronting King Street...this unique space will suit a number of business types including cafe, restaurant, pizzeria, florist, garden & gift centre... OR...combine some of the businesses to create an exclusive retail outlet.

OPPORTUNITY TO PURCHASE THE ENTIRE BUILDING... which comes complete with an existing & long term 'Boarding House' business returning a very high annual income... Plus a parking space


The fabulous location of this building - situated only metres from Newtown railway station & an easy walk to St Peters railway station - lends itself to future site re-development into Motel Style accommodation... or future construction of (7) seven shop top residential apartments (feasibility study already completed for (7) seven residential apartments & subject to council approval )

NET LETTABLE AREA:
Ground level 100.8 s/mtrs
Mezzanine 18.8 s/mtrs
Amenities 4.4 s/mtrs

TOTAL 124 s/mtrs

FUNKY PREMISES FEATURING:
*... Seating for approx 60 patrons
*... Convertible rooftop... can open & close automatically for temperature control
*... 2 original fireplaces can be easily activated
*... Super high decorative ceilings
*... Disabled bathroom with shower facility
*... 2 additional wet areas
*... Open plan commercial kitchen with food preparation area & grease trap
*... Large storeroom
*... Some furnishings & equipment inclusive

OUTGOINGS
Gas, electricity & shared council rates

*... Excellent exposure
*... Metres walk to Newtown station & Bus at your door step
*... Lease incentives for the right tenant
*... Freehold Building & Boarding House Business FOR SALE (optional)

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Property History for 415 King St, Newtown, NSW 2042

A timeline of how this property has performed in the market
Last Sold
$4,092,419
17 May 2024
Listed for Rent
$95k/w
05 Nov 2023
  • 17 May 2024
    Sold for $4,092,419
  • 07 Oct 2023
    Listed for Rent $94,860 / year
  • 25 Sep 2022
    Listed for Rent $277 / week
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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 38 properties listed for sale, and 48 properties listed for rent in Newtown on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in Newtown.

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