106 King Street, Newtown, NSW 2042

Retail | Offices

Sold $1,000,000

  • Property ID: 422662
  • Floor Area: 95m²
  • Land Area: 95m²
  • NBN Availability: Service Available - Fibre to the building (FTTB)
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 27/09/2023 95m2 95m2 N/A
5% NET YEILD RETAIL - INVESTMENT KING ST NEWTOWN

HIGH RENTAL RETURN - AAA LONG TERM TENANT - EXCELLENT RETAIL LOCATION.
Large Retail Shop located in busy King St, Newtown, has excellent street exposure, and loads of passing pedestrian traffic. leased as of 01/12/2022 at $89,115.00 + GST per annum with 3% annual rental increases. This property offers excellent exposure. Nestled in busy, bustling King Street. This is a unique opportunity to secure a prominent retail property.
The premise consists of retail/commercial space, and one secure car space. The total area on the title is 95 sqm with a frontage of approx 4.6 metres.
FEATURES:
• Premium Retail Investment
• Lease Term 5 Years with An Option of a further 5 Years
• Zoned Local Centre B2.
• City of Sydney Council LGA
• Air-Conditioning
• Prime Location
• AAA Tenant
• 5% net yield approx.

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:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 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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