Property ID: 1P4779

41 Elizabeth Bay Road Elizabeth Bay NSW

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  • Retail
  • For Sale
  • 232 sqm
  • 232 sqm
Well leased retail with potential rental uplift
Gunning RE is excited to present to the market, this well leased retail investment in the heart of Elizabeth Bay.

The property is currently leased to "Kujin Restaurant", who are a prominent inner-city, Japaneses restaurant operator.

Investment highlights as follows;

- Leased until March, 2020 with options until 2025
- Strong 4% annual increases and review to market at the option.
- Gross annual rental of $97,345.50 + GST per annum
- Bank Guarantee of $14,686.86

This outstanding retail investment offers the opportunity for a strong rent increase to market at the take up of the option.

For further information or to arrange a time to inspect, please feel free to contact the agents.
Features
  • Air Conditioning
  • 3 Phase Power
  • Close to Shops
  • Close to Transport
  • Exhaust
  • Existing Fitout
  • Grease Trap

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