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118 King St 5,059 SF Retail Condo Unit in Newtown, NSW 2042
Investment Highlights
- Excellent exposure in one of Sydney’s most dynamic retail and dining precincts.
- Convenient access to Newtown Station and multiple public transport options.
Executive Summary
90–120 King Street occupies a prime position in the heart of Newtown, one of Sydney’s most vibrant and eclectic retail and dining precincts. This property offers an exceptional opportunity for businesses seeking a high-profile location with strong pedestrian traffic and excellent connectivity. Situated along King Street, a major commercial corridor renowned for its diverse mix of boutiques, cafes, restaurants, and entertainment venues, the property benefits from constant exposure to both local residents and visitors. The property’s strategic location ensures outstanding accessibility, with multiple train stations nearby, including Newtown and Macdonaldtown, and frequent bus services along King Street. The surrounding area is a thriving hub for retail, hospitality, and lifestyle operators, supported by a dense residential population and a strong demographic profile that includes young professionals, students, and families. This dynamic environment creates a steady flow of customers throughout the day and evening. Newtown’s reputation as a cultural and culinary destination enhances the appeal of this property for a wide range of uses, from specialty retail and food and beverage to service-based businesses. The area’s proximity to Sydney CBD, just a few kilometers away, further strengthens its position as a sought-after location for operators looking to establish or expand their presence in a high-demand market.
Property Facts
| Total Building Size | 94,130 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 18,826 SF |
| Property Subtype | Apartment | Lot Size | 0.72 AC |
| Building Class | C |
| Total Building Size | 94,130 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 18,826 SF |
| Lot Size | 0.72 AC |
1 Unit Available
| Unit Size | 5,059 SF | Sale Type | Investment |
| Condo Use | Retail | APN/Parcel ID | CP/SP56966 |
| Unit Size | 5,059 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | CP/SP56966 |
Description
118 King Street, Newtown NSW 2042 is a ground-floor retail property comprising approximately 470 m² of space. The property is currently leased to Plus Fitness, a national 24/7 gym operator, under a lease agreement expiring on March 31, 2029, with an additional seven-year option. The current passing income is $182,938.45 + GST per annum, with fixed annual rental increases of 3.5%. The property includes a rear service loading dock and two secure on-site parking spaces. It is located approximately 4 km from the Sydney CBD and offers convenient access to Parramatta Road, City Road, and the Princes Highway. Public transport options include Newtown Train Station and multiple bus routes within walking distance. The surrounding area is a mixed-use precinct with retail, hospitality, and residential developments.
Sale Notes
118 King Street presents a rare opportunity to secure a freehold retail investment in the heart of Newtown’s vibrant King Street corridor. This substantial 470 m² retail showroom is fully leased to Plus Fitness, a nationally recognized gym brand, providing investors with a secure income stream and long-term stability. The lease runs until March 2029 with a further seven-year option, supported by fixed 3.5% annual rental increases that ensure consistent income growth.
The property benefits from exceptional exposure along one of Sydney’s most dynamic lifestyle precincts, attracting strong pedestrian traffic and surrounded by leading hospitality and retail operators. Located just 4 km from the Sydney CBD, the site offers excellent connectivity via major arterial roads and is within easy walking distance of Newtown Train Station and frequent bus services. Additional features include a rear loading dock for operational efficiency and two secure on-site parking spaces.
This asset combines a blue-chip location, a strong national tenant covenant, and predictable income growth, making it an outstanding investment opportunity in a tightly held inner-city market.
Contacts
-
Rocco Tripodi -
Massimo Salerno -
Belle Property Commercial - Inner West/City Fringe
Presented by
118 King St
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