LEVEL GROUND, 16 BUCKINGHAM STREET, SURRY HILLS

Size: 59m²

Auction: For Sale : SOLD

save as calardar appointment Tue, 6th Mar 2018, 10:30 AM

Venue:
auctionWORKS In-Rooms , Mezzanine Level, 50 Margaret Street, Sydney (02) 9252-8577[ Save Date/Time | Get Directions ]

Prime Surry Hills Retail investment

Gunning Real Estate is excited to present to the the market for sale by public auction, this ground floor, retail investment property in the heart of Surry Hills.

3 x Retail Shops, 3 separate tenancy income streams on 1 strata title, benefiting from enormous street frontage.

Set back from Devonshire Street and in-between Elizabeth and Chalmers Street, with immediate access to Devonshire St Surry Hills light rail station, the property benefits greatly from the constant flow of foot traffic and the surrounding businesses and residents. This is prime Surry Hills!

Property Features:
> 3 quality tenants on separate leases
> Net rental $115,600.00 annually exclusive of GST
> WALE - 4 years from Q4 2017
> An average 3.8% annual increases across the three leases
> 3 street frontages - totaling 26 meters of street exposure

This is a great opportunity to acquire a very secure investment, that will continue to increase in value within one of Sydney's most popular fringe suburbs.

For further information please don't hesitate to contact the agents;

Auction date: 6th March at 10:30am
Mezzanine level, 50 Margaret Street, Sydney

Inspection Times

Open by Appointment

PROPERTY OVERVIEW

Property ID:
1P4211
Property Type:
Retail
Land Size:
59m² approx.
Building Size:
59 m²
Frontage:
26 m
Aspect:
North

FEATURES

Close to Shops
3 Phase Power
Exhaust
Existing Fitout
Grease Trap
Toilet Facilities

OUTGOINGS

Water Rates:
$185.79 Yearly
Council Rates:
$1716.25 Yearly
Land Tax:
$754 Yearly