85-87 King St 4,015 SF 100% Leased Retail Building Newtown, NSW 2042 For Sale

Savills presents a rare mixed-use freehold investment opportunity in one of Sydney’s most tightly held Inner-West locations. 85–87 King Street, Newtown offers a fully leased building spanning ground-floor retail and upper-level residential accommodation, generating a diversified and secure income stream of approximately $296,567 per annum (gross).*
The property comprises two established ground-floor restaurants and four self-contained residential units arranged as two 2-bedroom and two 1-bedroom apartments above. Positioned on a 372.7 sqm* site with rear lane access and two valuable on-site garages, this holding combines strong current income with exceptional long-term upside through redevelopment potential (STCA).
Strategically situated in the heart of Newtown’s vibrant retail and dining strip, the asset enjoys prime King Street exposure, high pedestrian and vehicular traffic, and connectivity to major urban attractions. Located just 5 km* from the Sydney CBD and within walking distance to the University of Sydney (800 m*) and Royal Prince Alfred Hospital (700 m*), this address sits at the intersection of strong residential demand and thriving retail trade. Potential adaptive uses include student accommodation, co-living, or boarding house, subject to council approval. Purchasers seeking both immediate returns and value-add opportunity will recognize this offering as a standout in Sydney’s Inner West marketplace.