419 King StreetNewtown NSW 2042
Property Details for 419 King St, Newtown
Last Listing description (November 2023)
First time offered in approximately 50 years is this great commercial retail space over two levels with rear lane parking for up to 2.
Situated on popular King Street with an original appealing frontage, high ceilings, character fit-out, spacious lower level retail space with storage, kitchen and bathroom and an upper level of 3 offices and a 2nd bathroom.
Currently leased to the one retail tenancy however there is an upside of potentially separating the upper to lower level to reach the potential of dual income.
This is a rare opportunity in Newtown with development upside. Conveniently located only a short stroll away from Newtown train station, Enmore Rd entertainment precinct, Sydney Park ,RPA Hospital and Sydney University not too far away.
Zoning local Centre E1
Land area approx. 181m2
Floor area approx. 157m2
Floor space ratio 1.5 to1
Building height limit to 14 metres
Development upside ( STCA )
Rear lane access for up to 2 cars tandem
Oversized courtyard
Fantastic long term prospects
This property is offered by private treaty.
For further enquiries please contact Con Magias 0414 414 482 or Marcelo Araujo 0419 860 007
Property History for 419 King St, Newtown, NSW 2042
- 14 Nov 2023Sold for $1,820,000
- 11 Sep 2023Listed for Sale SOLD | Con Magias
- 08 May 2023Sold
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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 9,388 properties. Over the last 5 years, Houses in Newtown have seen a 43.18% increase in median value, while Units have seen a 19.84% increase. As at 31 August 2024:
- The median value for Houses in Newtown is $1,901,744 while the median value for Units is $867,182.
- Houses have a median rent of $900 while Units have a median rent of $620.
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