669 King Street St Peters NSW 2044

Property Type: Retail,Medical/Consulting,Offices

THIS PROPERTY IS UNDER CONTRACT
Step into luxury with this spacious Freestanding 7-bedroom, 2-storey commercial terrace, recently renovated to the highest standards. With quality finishes throughout, this remarkable property offers versatility and style in an unbeatable location.
Just 80 meters from St Peters Station, on the bustling and gentrified King Street, you’re moments away from Sydney University, RPA Hospital, and a wide selection of trendy cafes, restaurants, and entertainment hotspots. ZONED MIXED USE TO ALLOW FOR RESIDENTIAL OR COMMERCIAL OCCUPATION
The extensive renovation offers two separate lettings, presenting a unique opportunity for astute investors to capitalize on dual income streams, or for those seeking a home and office combination – or even an office with rental income potential.
Currently generating $2,400 per week in combined rent, this property delivers an immediate return. The rear garage, accessible via May Lane, provides extra versatility, perfect for a studio, workspace, or additional storage.
Notable features include:
– Future redevelopment potential FSR 1:1 with a 9.5m height limit zoned B5 business development
– 198m2 of combined lettable area over 2 levels.
– Bright skylights that flood the space with natural light
– Brand new air conditioning and ceiling fans for year-round comfort
– Proximity to the Sydney Park family reserve.
With a realistic price range, this opportunity won’t last long. Whether you’re looking to invest, occupy, or do both – this property offers something special for every buyer.
Downstairs: $1,300.00per week (leased till 23/07/2026)
Upstairs: $1,100.00per week (leased till 15/02/2026
Total: $2,400per week
Annual Income: $124,800p.a
Outgoings: Owner Pays Outgoings – Approximates.
Insurance: $3,000p.a
Water: $1,200p.a
Electricity & Gas: $5,000p.a
Council Rates: $2,643p.a
Total Expenses: $11,843p.a (owner claims all deductions).
Net Income: $112,957p.a