Ray White City South
SOLD! SOLD! SOLD!
- Building/Land: 111m² (0.03 acres)
This strata shop is located on the ground level of Victoria Plaza right next to Chatswood Chase Shopping Centre. Being situated in the hub of Chatswood's busy retail precinct, the Plaza attracts significant pedestrian traffic all day long 7 days a week. The subject property is currently leased to a well known Japanese restaurant, Takeru. Other businesses occupying this 3-level shopping arcade include an Asian supermarket, restaurants, caf, a medical practice and fruit market.
This strata shop has 111 sqm on title fetching a rental income of $73,117 pa + GST. The current 5-year lease will expire in July 2012 and the tenant has an option to renew the lease for a further 5 years. According to the lease, the tenant pays for water rates and usage charges. Rent increases by 4% annually.
Outgoings (approx. per annum)
Council rates $3,100
Strata levies $15,059
Land tax: Nil subject to single holding basis on a taxable land value of 274,540 as at 1 July 2009.
Water rates $654 (paid by tenant)
Raymond Hung 0419 223 895 or 9289 8908
111m² / 0.03 acres