Stone Real Estate is proud to present 59 & 61 Enmore Road, Newtown – two recently completed freehold investments located within one of Sydney's most dynamic retail and dining destinations.

These properties represent an outstanding opportunity to acquire two fully leased mixed-use shop-top buildings in the heart of the Inner West, a tightly held market known for its long-term capital growth, lifestyle appeal, and progressive planning framework.

Brand new 2023-built freehold investments in the heart of Sydney's vibrant Inner West. Fully leased to Vandal Taqueria, Greens Supermarket and Sydney Boutique Shared Homes, generating a combined net income of $644,217 pa + GST**. Modern mixed-use buildings within Newtown's renowned Enmore Road "eat street", offering strong rental growth, high exposure, and significant development uplift potential (STCA)* with a maximum building height of 14 metres.

Key Investment Highlights

* Two modern 2023-built freehold assets with strong tenant covenants

* Fully leased to Vandal Taqueria, Greens Supermarket, and Sydney Boutique Shared Homes

* Combined net income of $644,217 pa + GST*

* Significant development uplift potential (STCA) with a maximum building height of 14 metres

* E1 Local Centre zoning, providing broad use flexibility and future redevelopment scope

* Situated within Newtown's iconic Enmore Road "eat street" precinct

* Just 4 km from Sydney CBD, surrounded by major retail, dining, and entertainment hubs

* Within the Inner West Council LGA, a rapidly growing population and high-demand rental market

* Close proximity to Newtown Station and Enmore Theatre

Property Breakdown

* 59 Enmore Road & 15 Wilford Lane

* Land area: 245 sqm* | Lot 2 in DP1282258

* Tenants: Vandal Taqueria (lease to 2028 + option) and Sydney Boutique Shared Homes (lease to 2027 + option)

* Net Income: $332,696* pa + GST

61 Enmore Road & 17 Wilford Lane

* Land area: 193 sqm* | Lot 1 in DP1282258

* Tenants: Greens Supermarket (lease to 2028 + options) and Sydney Boutique Shared Homes (lease to 2027 + option)

* Net Income: $311,521* pa + GST

* Combined Net Income: $644,217* pa + 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 & Development

* E1 Local Centre & SP2 Infrastructure

* Permitting a range of commercial, residential, and community uses

* Maximum building height: 14 metres (subject to council approval)

* Excellent opportunity for future redevelopment or value-add (STCA)*

For more information, including Banks' valuations, Tax Depreciation Schedules and Tenancy Schedules, please contact the listing Agent

* Subject to council approval
** All measurements are approximate