304-308 King St 18 Room Serviced Apartment Newtown, NSW 2042 For Sale

The property at 304–308 King Street comprises a substantial mixed-use structure extending across multiple levels, configured to accommodate a combination of ground-floor and basement retail alongside residential accommodation above. The building features three distinct retail tenancies situated between the street level and basement areas, all set within a layout that provides clear engagement with the King Street pedestrian corridor.
Upper levels contain an approved collection of eighteen studio-style boarding house rooms, arranged across two floors and designed to provide compact residential accommodation. This integration of uses reflects the character of the broader precinct, where retail, dining, and residential offerings are closely interconnected within a walkable environment.
With dual street frontages and a footprint that connects King Street to Wilson Street, the building provides an accessible configuration supported by the surrounding urban framework. The proximity to Newtown Station enhances connectivity for occupants and visitors, while the position within one of the Inner West’s most active neighbourhoods supports steady daily activity. The property presents as a fully occupied mixed-use asset with diverse uses spanning retail and residential accommodation.
Annual gross income (retail and boarding accommodation) is approximately $960,000 per annum (excluding GST).