590, 592, 594 King Street, Erskineville, NSW 2043

Located on the corner of King and Union Street, Erskineville, this is an opportunity to acquire three individual lots in one line, ideal for an investor or occupier looking to secure a prime mixed-use property in Sydney's premier retail, entertainment, and lifestyle location.

These three (3) individual lots, consist of three retail shops, currently amalgamated into one and occupied by Industrie Clothing on a short-term basis. There is potential to unlock additional value by reconfiguring the space back into three (3) separate shops, capitalising on the high demand for retail space along the King Street precinct.

In addition, there are three 3-bedroom units over two levels, which have recently undergone significant refurbishment. The units feature stone benchtops, air-conditioning, polished floorboards, and other high-quality finishes. With high ceilings, spacious upper-level bedrooms, private access, and large courtyards, these units provide premium rental returns and minimal vacancy.

Key Benefits
- Corner Position, High Visibility
- Land Size 372sqm (Dual Access)
- Total Floor Area 360sqm (Approx.)
- FSR 1.5:1, E1: Local Centre Zoning
- Current Income $279,000 + GST (Approx.)
- Three (3) Individual Lots
- Three 33sqm Retail Shops (currently amalgamated)
- Three Dual Level 3 bdr Residences

The property will be open for inspection Fridays 10:00am - 11:00am

The Auction will be held on Tuesday 26th November 2024 at 10:30am
Location: Auctionworks - 50 Margaret Street, Sydney NSW 2000