59 or 61 Enmore Road
Newtown, NSW 2042

This property represents a generational investment opportunity located in the vibrant Inner West of Sydney, specifically at 59 and 61 Enmore Road, Newtown. These are two recently completed freehold commercial assets built in 2023, situated within one of Sydney's most dynamic retail and dining precincts.

The offering consists of two fully leased mixed-use shop-top buildings, providing a stable income stream and strong tenant covenants. The properties are leased to reputable tenants including a celebrated vegan Mexican restaurant, a boutique organic supermarket, and a corporate accommodation provider with multiple Sydney locations.

The combined net income generated by these assets is approximately $644,217 per annum plus GST, reflecting the strong rental demand and income potential in this tightly held market. The buildings are modern and designed to meet contemporary commercial needs, located within Newtown's renowned Enmore Road 'eat street' precinct, which is known for its high exposure and foot traffic.

Key investment highlights include:

• Two modern freehold assets completed in 2023 with strong tenant covenants.
• Fully leased to Vandal Taqueria, Greens Supermarket, and Sydney Boutique Shared Homes.
• Combined net income of $644,217 per annum plus GST.
• Significant development uplift potential subject to council approval, with a maximum building height of 14 metres.
• E1 Local Centre zoning, providing broad use flexibility and future redevelopment scope.
• Prime location within Newtown's iconic Enmore Road precinct, just 4 km from Sydney CBD.
• Close proximity to major retail, dining, entertainment hubs, Newtown Station, and Enmore Theatre.
• Located within the Inner West Council local government area, an area experiencing rapid population growth and high rental demand.

Property breakdown:

• 59 Enmore Road & 15 Wilford Lane: Land area approximately 245 sqm (Lot 2 in DP1282258). Tenants include Vandal Taqueria (lease to 2028 plus option) and Sydney Boutique Shared Homes (lease to 2027 plus option). Net income approximately $332,696 per annum plus GST.
• 61 Enmore Road & 17 Wilford Lane: Land area approximately 193 sqm (Lot 1 in DP1282258). Tenants include Greens Supermarket (lease to 2028 plus options) and Sydney Boutique Shared Homes (lease to 2027 plus option). Net income approximately $311,521 per annum plus GST.

Tenant profiles:

• Vandal Taqueria: A celebrated vegan Mexican restaurant redefining casual dining in Newtown.
• Greens Supermarket: A boutique grocer offering organic, gluten-free, and artisanal produce.
• Sydney Boutique Shared Homes: A leading corporate accommodation provider with multiple Sydney locations.

Zoning and development potential:

• The properties are zoned E1 Local Centre and SP2 Infrastructure, permitting a range of commercial, residential, and community uses.
• There is significant potential for future redevelopment or value-add opportunities, subject to council approval.
• The maximum building height allowed is 14 metres, offering scope for development uplift.

This investment opportunity is ideal for buyers seeking a stable income from high-quality tenants in a sought-after location with strong growth prospects and redevelopment potential. The properties benefit from their strategic location within a thriving retail and dining precinct, excellent transport links, and proximity to Sydney's CBD.

All measurements and income figures are approximate and subject to verification. Interested parties are encouraged to conduct their own due diligence and consult with relevant authorities regarding development potential.