The vendor is flexible and prepared to sell the property as follows: Buy the building with vacant possession OR Buy the building with a lease back from the owner @ $182,500 per annum ($3,500 per week). OR Buy the Business on a walk-in-walk-out basis and lease the property. OR Buy the 15 poker machines and licenses.
OR buy the whole lot. (Property/freehold, business, liquor and poker machine licenses).
The vendor has instructed us to secure offers to purchase, and all offers will be considered. EOI Forms, Information Memorandum and contracts available on request.
The property has a wide 12 metre frontages to both King Street and Bailey Street (at the rear). Ideally located just 200 metres from Newtown Railway Station, with buses at door and walking distance to Sydney University and RPA Hospital Centre.
NOTE: This property is zoned B2 Local Centre and is suitable for all types of uses ranging from, retail in conjunction with residential accommodation, electrical wholesale stores like JB HI-FI, amusement centre, function centre, bulky goods retail store, restricted premises, restaurant and many more uses, including possible subdivision (STCA).
This is a rare event to secure a blue chip’ property in a sought-after retail/residential precinct on vibrant and thriving King Street Newtown.