85 King Street

Newtown NSW 2042

Savills are pleased to present 85-87 King Street, Newtown NSW to the market for sale via Private Treaty.A rare opportunity to acquire two fully leased freehold buildings on separate titles in one of Sydneys most tightly held inner-city investment precincts. Offering diversified income streams across retail and residential tenancies, the asset provides secure holding income together with long-term upside.The property comprises two established ground-floor restaurant tenancies and four self-contained residential apartments above (2 x 2-bedroom & 2 x 1-bedroom units), generating a strong recurring income supported by multiple tenancies and strong underlying land value.Positioned on the highly sought-after King Street retail strip, the asset benefits from exceptional exposure, consistent tenant demand, and a strategic location only moments from the University of Sydney, Royal Prince Alfred Hospital, and Sydney CBD.Key Features- Total site area: 372.7 sqm*- Two fully leased freehold buildings on separate titles- Diversified income stream from 2 retail and 4 residential tenancies- Annual net income: $281,547* ex GST- Potential annual net income: $341,867* ex GST- Rare freehold investment in tightly held Newtown precinct- Prime King Street position with strong pedestrian exposure- Rear lane access with two lock-up garages- Only 700-800m to the RPA Hospital, University of Sydney and 5km to Sydney CBD*- Surrounded by Newtowns vibrant retail, dining and entertainment strip- Future redevelopment potential (STCA) for student accommodation, co-living or boarding house*All figures are approximate.**Subject to council approval (STCA)For further information, please contact the exclusive sales agent.