An exceptional opportunity to secure a brand-new, dual-income commercial asset in the heart of Newtown’s vibrant food and retail strip. Situated along the high-exposure Enmore Road, 59 Enmore Road delivers a rare combination of stable cash flow, quality tenants, and future flexibility—making it ideal for investors seeking long-term income security, consistent rental growth, and capital appreciation in Sydney’s tightly held Inner West. With E1 Local Centre zoning, fixed annual rent increases, separate residential access via Wilford Lane, and significant depreciation benefits from its 2023 construction, this fully leased property stands as a premium investment opportunity just 4km from the Sydney CBD.
For buyers seeking scale, the neighbouring 61 Enmore Road is also available, and when acquired together, the two properties generate a combined net income of over $606,000 p.a. + GST*. With strong tenancy profiles, high pedestrian exposure, and a prized location near Newtown Station, the Enmore Theatre, and thriving retail and hospitality venues, this is a rare chance to secure reliable income, capital growth, and long-term security in one of Sydney’s most dynamic commercial corridors.
Net Income: $323,483 p.a. + GST*
Two quality tenancies:
Ground Floor (59 Enmore Road) : Vandal Taqueria (Lease to 2028 + option to 2033, 3% annual increases)
Level 1 (15 Wilford Lane): Boutique Shared Housing (Lease to 2027 + option to 2031, 3% annual increases)
Gross Income: $350,211 p.a. + GST*
Gross leases with fixed annual increases
Land Size: 245sqm*
Zoning: E1 Local Centre / SP2 Infrastructure
Completed in 2023, offering strong depreciation benefits
Dual access via Enmore Road (retail) and Wilford Lane (residential)
High pedestrian traffic, strong rental demand, and a diverse local community
Strategic Inner West location close to major amenities and public transport
For further detail and information, please contact Tony Lao 0411466688
Director
Business Development Manager
Marketing & Communications Officer
©2024 Starwave Real Estate