563-565 BOURKE STREET, SURRY HILLS

Size: 708m²

Auction: For Sale : SOLD

save as calardar appointment Tue, 28th Aug 2018, 10:30 AM

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

Prominent corner freehold investment - SOLD PRIOR TO AUCTION

Gunning Real Estate is delighted to present to the market for sale by Public Auction, 563-565 Bourke Street, Surry Hills.

The asset is a fully leased investment with income streams from 5 separate tenancies. The property is anchored by Surry Hills oldest pub in The Carrington Hotel.

Positioned in the core of Surry Hills, the property benefits from three street frontages to Bourke & Arthur Streets and Aurther Lane to the rear. Less than 200m from the newly built Light Rail on Devonshire Street.

Investment highlights include;

- Gross Passing Income: $355,486.00 per annum*
- Land size: 273sqm*
- Gross building Area: 708sqm*
- 5 separate tenants
- Prominent corner position

*approximate

The property will be auctioned on Tuesday - 28th August, 2018. The auction will be held at AuctionWORKS, Mezzanine level, 50 Margaret Street, Sydney.

To obtain and information memorandum or to arrange a time to inspect, please feel free to contact the agents;

Inspection Times

Or By Appointment

PROPERTY OVERVIEW

Property ID:
1P4819
Property Type:
Hotel/Leisure
Land Size:
273m² approx.
Building Size:
708 m²

FEATURES

Air Conditioning
Close to Transport
Close to Shops
Intercom
3 Phase Power
Creative
Exhaust
Kitchenette

OUTGOINGS

Water Rates:
$8137 Yearly
Council Rates:
$1816 Yearly
Land Tax:
$19026 Yearly