Presented by Philipp Tsiprin & Aaron Papadimatos from The Agency this is an outstanding opportunity that awaits in the heart of Newtown's vibrant King Street precinct.
This flexible retail shopfront includes two residences, offering a unique mixed-use investment or owner-occupier potential.
• Zoned E1 Local Centre with a 12-meter height limit and a floor space ratio (FSR) of 1.75:1, allowing a broad range of retail, business, and community uses, with exciting redevelopment potential (subject to council approval).
• Building up to code for Fire with double fire-check ceilings throughout.
• Land size approximately 144.7 sqm with dual street access from King Street & Smith Lane.
• Shop size: Approximate 35 sqm currently leased to a Vegan Patisserie, lessee vacating in November 2025 but currently paying $38,738.40 Per Annum
• Unit 1: Spacious 3-bedroom apartment featuring 1 modern bathroom, updated kitchen and convenient internal laundry facilities. With timber floors throughout and high ceilings this home offers a bright, airy and comfortable living environment. Enjoy easy street access from King Street. Currently rented for $900 per week, with a lease expiring in February 2026. The current occupant has expressed a desire to continue their tenancy, offering excellent rental continuity for investors.
• Unit 2: Discover this tastefully renovated and modern 1-bedroom apartment featuring a walk-in European-style bathroom accessible directly from the main bedroom with built in robe. The spacious internal area includes a versatile study/lounge/dining room that flows into a sleek European designer kitchen equipped with quality appliances. From the kitchen, step into the guest powder room or onto the large covered back deck, perfect for entertaining or relaxing outdoors. Enjoy high ceilings, timber floors and downlights throughout. Each room offers its own private entrance via the undercover internal walkway with access from Smith Lane. Currently rented for $750 per week with a lease expiring in July 2026 and the current occupant has expressed a strong desire to continue their tenancy, providing excellent rental continuity and peace of mind for investors.
• Parking for 1 to 2 cars at the rear plus outdoor kitchen sink area complete with hot and cold water supply.
• Subject to council approval, there is exciting potential to enhance this property's flexibility and lifestyle options by constructing an internal staircase to connect both units. This could allow for the combination of Units 1 and 2 into one larger, cohesive residence, ideal for extended family living, home office integration or spacious entertaining. This unique opportunity adds versatility, making the property suitable for a range of living arrangements and future needs.
• Prime location, footsteps from Newtown's shops, cafes, restaurants, RPA Hospital and public transport, including buses and nearby train stations. Only a 5-minute walk to Newtown and Erskineville Train Station, with frequent services to Sydney CBD and surrounding suburbs. Close proximity to the green open spaces of Sydney Park and Camperdown Memorial Rest Park, just a 10-minute walk away. Also close to quality schools including Sydney University, Newtown Public Schools and Sydney Secondary College.
Hard work has gone into maintaining and enhancing this property. The owners are selling due to retirement.
Whether looking to run a business, live in one unit while leasing others or invest in a sought-after mixed-use property, 414 King Street ticks all the boxes in one of Sydney's most dynamic precincts.
Combined rental income from the shop, Unit 1, and Unit 2 totals approximately $124,538.40 annually.
Outgoings are approximately:
• Council rates: $716.00 per quarter
• Water rates: $154.63 per quarter plus usage charges
Open for Inspection: As Advertised
Auction: Scheduled for 11th October 2025, onsite at 12:30 pm
For enquiries, please contact:
Philipp Tsiprin on 0498 388 338 or Aaron Papadimatos on 0401 549 572
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