2C Gladstone StreetNewtown NSW 2042
Property Details for 2c Gladstone St, Newtown
Last Listing description (October 2023)
I.B Property in conjunction with Colliers are proud to present 2C Gladstone Street, Newtown, available for sale via Expression of Interest.
This prime property, located on the corner of Gladstone Street and Phillip Lane, offers a generous land area of 1,320m2* and holds a valuable Development Approval with an FSR of 2.047:1 encompassing 12 apartments, 1,454m2* of commercial space designed by renowned architects PBD Architects, and 31 car spaces. With an E3 Productivity Support zoning, approved FSR of 2.047:1 and a height limit of 14m, this property presents a versatile potential for its future development as the DA approval exceeds the FSR control. Generating a steady holding income of $220,617* per annum, its strategic position in the heart of Newtown, in close proximity to Newtown Train station, King St Precinct, and the Enmore Theatre, adds to its allure as a compelling investment opportunity.
Key Highlights:
1. Land area 1,320m2*
2. Located on the corner of Gladstone Street and Phillip Lane
3. Valuable DA Approval for 12 apartments, 1,454m2* of commercial space & 31 car spaces
4. Zoning E3 Productivity Support
5. Approved FSR of 2.047:1
6. Approved GFA of 2,702sqm*
7. Height limit 14m
8. Holding income of $220,617* per annum
9. Convenient location located in the heart of Newtown close to the station and moments off King St and the Enmore Theatre.
2C Gladstone Street, Newtown is for sale via Expression of Interest closing Thursday, October 12th 2023 at 2:00pm.
Don't miss out on this rare opportunity to secure a promising investment and contact the exclusive selling agents.
Property History for 2c Gladstone St, Newtown, NSW 2042
- 11 Sep 2023Listed for Sale Contact Agent
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0About Newtown 2042
The size of Newtown is approximately 1.6 square kilometres. There are 18 parks, covering nearly 3.7% of the total area. The population of Newtown in 2016 was 15029 people. By 2021 the population was 14690 showing a population decline of 2.3% in the area during that time. The predominant age group in Newtown is 20-29 years. Households in Newtown are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Newtown work in a professional occupation.In 2021, 40.70% of the homes in Newtown were owner-occupied compared with 38.50% in 2016.
Newtown has 9,355 properties. Over the last 5 years, Houses in Newtown have seen a 2.75% increase in median value, while Units have seen a 6.78% increase. As at 31 July 2026:
- The median value for Houses in Newtown is $1,852,184 while the median value for Units is $888,538.
- Houses have a median rent of $990 while Units have a median rent of $675.
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