Property ID: 1P6062
Shops 1&2/17 Erskineville Road Newtown NSW
Contact Agent
- 2
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Retail
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For Sale
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268 sqm
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2
Retail investment opportunity in Newtown. National tenant - Pet boarding
Gunning Real Estate is pleased to offer for sale this rare investment opportunity in Erskinville Village Centre.
• Total area: 268sqm approximately
• Two Shops: 143sqm and 116sqm
• Parking: 2 car spaces on title
• High ceilings from 3.5m – 5.5m
• Tenant: KIP Happy Stays https://kip.com.au/
• Net income: $239,440 pa + outgoings ($10,560)
• Lease term: 10 years + 5 years
• Lease commenced: October 2022
• 10 year lease to 2032 + 5 year option
• Annual Increases: CPI
• Located in Erskineville Village amongst medical centre, Woolworths, Toni & Guy as tenants. Close to Newtown and Erskineville train stations.
• Total area: 268sqm approximately
• Two Shops: 143sqm and 116sqm
• Parking: 2 car spaces on title
• High ceilings from 3.5m – 5.5m
• Tenant: KIP Happy Stays https://kip.com.au/
• Net income: $239,440 pa + outgoings ($10,560)
• Lease term: 10 years + 5 years
• Lease commenced: October 2022
• 10 year lease to 2032 + 5 year option
• Annual Increases: CPI
• Located in Erskineville Village amongst medical centre, Woolworths, Toni & Guy as tenants. Close to Newtown and Erskineville train stations.
