SHOP 2/60 PARK STREET, SYDNEY

Size: 41m² 14 sqm storage

Auction: For Sale : AUCTION

save as calardar appointment Thu, 7th Mar 2019, 10:30 AM

Venue:
Cooley Auction Centre , Level 5, Dexus Place, One Margaret Street, Sydney [ Save Date/Time | Get Directions ]

PRIME CBD RETAIL INVESTMENT

Gunning Real Estate is delighted to present to the market for sale by public auction, this rare CBD retail investment, located at shop2/60 Park Street, Sydney.

The property is prominently located on the corner of Elizabeth and Park streets, directly opposite Hyde Park and within very close proximity to the new Sydney Metro and Town Hall Stations.

Investment Highlights;

- Leased to "Cup N' Chino" espresso bar
- New three (3) year lease plus options to 2027
- Net income of $85,644.72
- Strong 4% annual increases
- 41sqm shop plus 14 sqm storage (55sqm total strata area)
- Well established business usage
- Rare Sydney CBD strata retail opportunity

Public Auction Thursday 7th March, 2019
Domain Auction Centre, Cooley CBD
Level 5, 1 Margaret Street, Sydney 2000 Commencing at 10:30am

Please contact the sales agents for a comprehensive Information Memorandum and contract of sale.

Inspection Times

Or By Appointment

PROPERTY OVERVIEW

Property ID:
1P5009
Property Type:
Retail
Building Size:
41 m²

FEATURES

Air Conditioning
Close to Transport
Close to Shops
Close to Schools
3 Phase Power
Grease Trap

OUTGOINGS

Water Rates:
$656.00 Yearly
Council Rates:
$3630.40 Yearly
Strata Levies:
$32368.88 Yearly