Sold
Retail

Shop 12/555 Elizabeth Street SURRY HILLS, NSW 2010

Sold on 24 Feb 2012
  • Building/Land: 118m² (0.03 acres)
Office

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Retail in SURRY HILLS

Main street retail investment

  • Building/Land: 118m² (0.03 acres)

This strata shop is located on Elizabeth Street close to Cleveland Street junction. It is surrounded by cafes, eateries and is within walking distance to Central Station.
It has a retail area of 118 sqm plus 2 security car spaces and a separate store room on title.

This property has two income streams with a total gross annual income of approximately $69,384 + GST. The main shop is occupied by a floorboard retailer since 2005. A new lease of 3 years plus 2 options of 3 years each has just been executed. The rent is $58,000 + GST per annum.

Part of the shop front is leased to the Commonwealth Bank to accommodate an automatic teller machine. The rent is about $11,384 per annum + GST.

Outgoings (approximate per annum)
Strata Levies $ 4,843
Council rates $ 1,410
Water rates $ 715

Interactive Floorplan:
http://www.au.open2view.com/tour/plan/209717

Contact:
Raymond Hung 0419 223 895 or 02 9289 8908
rhung@raywhitecitysouth.com.au

Building:

118m²

Land:

118m² / 0.03 acres

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