Ray White City South
Sold at Auction! Looking to sell? Call Raymond Hung on 0419 223 895.
- Building: 334m²
- Land: 259m² (0.06 acres)
This 2 storey building situates within the prime commercial and retail hub of Crows Nest, 5 km north of Sydney's CBD. It is located close to the very busy junction of Willoughby Road, Falcon Street and Pacific Highway surrounded by a variety of shops and popular restaurants.
Built over a land area of approximately 259 sqm, the building consists of a ground level retail shop and a 4-bedroom residential upper level. On site security car parking is accessible from Willoughby Lane.
The property is leased to Bakers Delight at approximately $150,600 per annum + GST with a term of 3+3+3 years. The tenant is contributing to 100% of the increase in outgoings (land tax, council rates, water rates and insurance) from the base year of 2004 which is $20,368.
Approximate Outgoings per annum:
Council Rates:$ 7,519
Water Rates and Charges: $ 1,572
Insurance: $ 4,585
Land Tax: $ 12,270 (subject to single holding basis, taxable land value as at
31/12/2011 is $1,156,667)
Raymond Hung 0419 223 895 or 02 9289 8908
259m² / 0.06 acres