416 King St Local 123 m² 100 % Alquilado En venta Newtown, NSW 2042

This property presents a high-quality investment opportunity in the heart of Newtown’s vibrant King Street strip, just steps from the Enmore Road entertainment precinct. Combining retail and residential components, the asset offers a secure and diversified income stream. The ground and lower ground levels feature a fully equipped licensed restaurant with five distinct seating sections, a commercial kitchen with grease trap and ducted ventilation, and a lock-up garage with rear lane access via Smith Lane. The restaurant boasts substantial dining space and modern renovated facilities, making it a sought-after venue in the area.
The first floor, accessed separately, comprises an oversized two-bedroom apartment with a design-driven layout. Highlights include an open-plan living area flowing to a large entertaining deck, a sunroom, a sky-lit bathroom, a gas kitchen, and an internal laundry. Both the retail and residential spaces are leased to a single tenant under a 3+3-year agreement, ensuring stability. The tenant, a well-established restaurant operator, fully refurbished the property in 2010 and has maintained a strong reputation for quality food and a bespoke wine list, even thriving through COVID.
Positioned within walking distance to train stations, buses, bars, and boutiques, this solidly constructed tri-level building offers long-term growth potential in one of Sydney’s most dynamic precincts.