85-87 King Street, Newtown NSW 2042

Savills is pleased to present 85-87 King Street, Newtown NSW to the market for sale via Expressions of Interest (EOI) closing on Thursday, 14 May 2026 at 3.00PM (AEST).

This rare freehold mixed-use investment opportunity is located in the heart of Newtown’s vibrant retail and lifestyle precinct. The property is fully leased, comprising two ground-floor restaurants and four self-contained residential units above (2 x 2 bedroom & 2 x 1 bedroom), providing a diversified and secure income stream.

Strategically positioned just 5km* from Sydney CBD, 800m* from the University of Sydney and 700m* from the Royal Prince Alfred Hospital, this asset benefits from high street exposure, strong pedestrian traffic, rear lane access, and two on-site lock-up garages. The property also offers future redevelopment potential (STCA) for student accommodation, co-living, or boarding house, delivering both immediate income and long-term upside.

Key Features:

- Site area: 372.7 sqm*

- Fully leased mixed-use asset comprising 2 ground floor restaurants and 4 upper-level residential units (2 x 2 bedroom & 2 x 1 Bedroom)

- Annual gross income: $296,567* excluding GST

- Rare freehold investment in tightly held Newtown precinct

- Prime King Street position with strong pedestrian exposure

- Rear lane access with two lock-up garages

- Approximately 700-800m to the RPA Hospital, University of Sydney and 5km to Sydney CBD

- Surrounded by Newtown’s vibrant retail, dining and entertainment strip

- Future redevelopment potential (STCA) for student accommodation, co-living or boarding house

*All figures are approximate.

**Subject to council approval (STCA)

Open for Inspections:

- Tuesday, 14 April | 11:30 AM – 12:00 PM

- Thursday, 16 April | 5:00 PM – 5:30 PM

- Tuesday, 21 April | 11:30 AM – 12:00 PM

- Thursday, 23 April | 5:00 PM – 5:30 PM

- Tuesday, 28 April | 11:30 AM – 12:00 PM

- Thursday, 30 April | 5:00 PM – 5:30 PM

- Tuesday, 5 May | 11:30 AM – 12:00 PM

- Thursday, 07 May | 5:00 PM – 5:30 PM

- Tuesday, 12 May | 11:30 AM – 12:00 PM

For further information, please contact the exclusive marketing agents.

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