101 King St 3,078 SF 100% Leased Retail Building Newtown, NSW 2042 For Sale

This is a rare opportunity to acquire a freehold property in the heart of Newtown’s bustling King Street precinct. This mixed-use asset combines a secure long-term commercial tenancy with residential accommodation and approved future development, offering both immediate income and significant growth potential.
The ground floor is anchored by Fabbrica Pasta Bar, a renowned hospitality operator under the Love Tilly Group, secured on a 10-year lease through 2034 with two additional 5-year options. The tenancy features a premium fit-out, including a 10-meter travertine counter, professional kitchen, and multiple bathrooms, ensuring long-term operational stability.
Above the retail space, the first floor comprises a one-bedroom apartment with a private balcony overlooking King Street. Adding to the investment appeal, DA approval is in place for a 36 m² rear studio apartment, scheduled for completion in August 2026, creating an additional income stream in a high-demand rental market.
With a projected total net income of approximately $302,700 per annum upon completion of the studio, this property offers a compelling blend of security and upside. Its prime location ensures strong pedestrian and vehicular exposure, proximity to Sydney University, Royal Prince Alfred Hospital, and excellent transport connectivity.