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Auction
Auction
On offer is this exceptional opportunity for buyers or investors to secure a versatile property and capitalise on numerous creative possibilities. Located directly opposite Sydney Park within short walking distance to St Peters station and King Street attractions, this attractive building is in great condition and presents a unique prospect with many possibilities.
The freehold building is Zoned B5 business development and is currently approved for a brothel (though no longer used for this purpose). It sits on a large 300sqm (approx) land over two separate titles with dual street frontage and rear access for up to five car spaces.
The two level floorplan offers many layout options with 11 ensuited rooms, three reception rooms, 3 additional bathrooms plus kitchen and living spaces. It is fully air conditioned throughout and could be converted into a multitude of layouts to suit many purposes.
This is an ideal investment with scope for use as a brothel, boutique hotel, childcare or many other permitted purposes (all subject to council consent). It is well presented and maintained and has previously housed a successful business with potential for a strong income stream.
99 King Street, Newtown NSW 2042
Call Duncan Gordon on
0414 349 669
Call Steve Bryanton on
0404 302 428
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