559 King St 4,736 SF 100% Leased Retail Building Newtown, NSW 2042 For Sale

559 & 561 King Street represents a rare opportunity to acquire a landmark mixed-use asset in one of Sydney’s most dynamic lifestyle and commercial precincts. Encompassing two interconnected freeholds, the property occupies a prominent corner position at King Street and Dickson Street, delivering exceptional exposure and pedestrian connectivity throughout Newtown’s core retail corridor. Its commanding façade, heritage charm, and dual frontages ensure long-term prominence in this tightly held marketplace.
The site spans approximately 333 sqm* with rear lane access via King Lane and includes garage parking for up to five vehicles—an uncommon feature in this location. Current improvements comprise two ground-floor retail/commercial shops with three separate residential units above, offering diversified holding income and future adaptability. The flexible E1 Local Centre zoning supports a broad scope of retail, commercial, creative, and residential uses (STCA), reinforcing the asset’s strategic potential.
Surrounded by a blend of established operators, trendy cafes, and destination dining, the property is meters from Newtown and St Peters train stations and benefits from transport links via Princes Highway, City Road, WestConnex, and the M8 motorway—all under 7 km to Sydney CBD and within easy reach of Sydney Airport. This is a compelling opportunity for investors, owner-occupiers, or developers to secure an irreplaceable inner west corner site with multiple pathways for growth.