Newtown, NSW 2042

Retail | Development/Land | Industrial

Sold $3,250,000

  • Property ID: 412282
  • Floor Area: 435m²
  • Land Area: 278m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 435m2 278m2 N/A
SOLD - LICENSED RESTUARANT - WAREHOUSE

• TRULY A RARE FIND - 22 METRE FRONTAGE
• AAA Premium Retail Investment
• Rising Sun Workshop (RSW) has been operating in Newtown for many years
• Rising Sun Workshop (RSW) original lease commenced 24/09/2015
• Lease Term under the lease is 5 years with 1 Options of 4 years
• Current Rent per annum is $135,949.29 + GST as of September 2021
• Annual rental Increases of 3.5%
• Ground Floor space 263 sqm
• Mezzanine level 172 sqm
• Total Gross Floor Space 435 sqm
• Land Area 278 sqm approx.
• Dimensions 24.6/14.3 X 17.3/13.9
• Zoned B2 Local Centre (Commercial Premises)
• City of Sydney Council
• Adjacent to Council car park
• The property is NOT a Heritage Item
• Building Height Limit 9 metres (3 Floors)

ALL OFFERS WILL BE CONSIDERED / DEFINITE SALE REQUIRED
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Newtown Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $8125 --- ---
Offices $12500 $579 4.63%
Industrial $7471 --- ---
This is the average advertised price, rent and yield for Newtown, NSW 2042*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Victor Kelly Estate Agents

 

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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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