490-492 King Street, Newtown

Retail - shop - Property ID: L4271266

Land Size: 233 m2
Building Size: 400 m2

Price: Contact Agent

INVESTMENT - 2 SHOPS ON SEPARATE TITLES BUY ONE OR BUY BOTH

THE OWNERS REQUIRE A LEASE BACK AT A RENTAL OF $75,000 + GST NET for each property = $150,000 + GST NET and will pay the following outgoing. Building Insurance, Council Rates, and Water Rates. Their business is best known for its famous Pasha's Restaurant being in this spot since 1975. The property was originally set as 2 separate shops and residences. The properties have now been converted into one large restaurant which occupies the 2 properties and the first floors and the rear courtyard.

FEATURES:
• Premium Retail Investment
• Current Use - Licensed Turkish Restaurant
• Proposed Lease Term 5 Years with An Option of a further 5 Years
• Gross Floor Space 200 Sqm each = 400 sqm. Approx.
• Floor Space Ratio 1.75 To 1
• Maximum building Height Limit of 12 Metres.
• Excellent Street Exposure
• Zoned Local Centre B2.
• City of Sydney Council LGA
• High Ceilings throughout
• Male, Female Amenities
• Air-Conditioning
• Large double frontage
• Large outdoor courtyard
• Rear lane access
• Land area 116.5 sqm each total of 233 sqm.

FULL REPORT AVAILABLE ON REQUEST.

Agent Information
Cherie Kelly
Licensed Real Estate Agent
0290561717
0478680551
Agency Information

Victor Kelly Estate Agents

A: ACT

P: 02 9056 1717

E: victor@victorkelly.com.au

W: www.victorkelly.com.au

List on iProperty.com.au

Want to advertise on our site?

Fill out the form and a member of our team will be in touch soon.