59 Enmore Road, Newtown, NSW 2042

Laing and Simmons Commercial have the pleasure of offering for sale by Public Auction 59 Enmore Rd, Newtown - a remarkable and highly sought-after opportunity for investors. 
 
This prime freehold building is strategically situated along Newtown's main bustling arterial road, making it an ideal location for premium retail and hospitality ventures.
 
With a favourable B2 Zone the ground-floor retail premises is occupied by Kimusabi Sushi restaurant as well as a 4-bedroom apartment above with separate access.
 
Situated within the heart of Sydney's vibrant and trendy bohemian culture, a short stroll to an array of local shops, theatres, restaurants, music venues and nightlife but also to Sydney University, UTS and only moments to the heart of the Sydney Central Business District. There is a bus stop on the properties doorstep and Newtown Train Station is within 500 meters.

Key Investment highlights:
 
Mixed use freehold investment opportunity
 
Ground floor retail plus 4-bedroom apartment above

Retail currently tenanted by well-known restaurateur  - Peter Varvaressos of Kimusabi Sushi, Greens Supermarket and Vandal Restaurant
 
Lease term: 5 years with a further option of 5 years
 
Current net rent: $325,495 per annum
 
Total Building area: 376 Sqm (approx.)
 
Land area 245 Sqm (approx.)
 
Favourable Local Centre B2 zoning which allows another floor to be built on top
 
Ground floor retail set up for food operation
 
Rear access with loading dock
 
Only minutes away from Newtown Train Station, countless restaurants, cafes & shops along King Street