27-29 King St - Metro Apartments On King 279 SF Retail Condo Unit in Sydney, NSW 2000

The asset comprises a ground-floor retail shop and three storage cages within the “Kingsleigh” mixed-use building, totaling 47 sqm. The retail shop internal area is 35 sqm- Lot 26, and Lot 30,33 and 37- storage cages are 4, 3 and 5 sqm.

This offering presents a rare opportunity to secure a high-performing retail investment in the heart of Sydney’s CBD. Positioned along King Street in the western core, the property benefits from exceptional exposure and consistent foot traffic generated by nearby office towers, hotels, and major transport links. Located just steps from The Grace Hotel, Slip Inn, and George Street Light Rail, the site is within walking distance of Barangaroo, Darling Harbour, and Martin Place, ensuring strong day and night trade.
The asset comprises a ground-floor retail shop and three storage lots within the “Kingsleigh” mixed-use building, totaling 47 sqm. It is fully leased to Peace Harmony Vegetarian Thai Cuisine, an established operator with over 15 years of trading history at this location and a 4.7-star Google rating from more than 570 reviews. The tenant operates under a secure 5-year lease (commenced February 2023) with a further 5-year option, annual fixed rent increases of 3.5%, and a net lease structure where the tenant pays all outgoings (excluding one storage lot).
With a current net income of approximately $98,328 + GST per annum and a strong covenant backed by a personal guarantee, this property offers investors a stable income stream and long-term growth potential in one of Sydney’s most tightly held hospitality precincts.