Shop 1/263 Clarence Street SYDNEY, NSW 2000

Sold on 18 Mar 2010
  • Building: 150m²

Sold By

Retail in SYDNEY

Ground level wide street front / Retail investment in Sydneys CBD

  • Building: 150m²

This ground level retail shop is conveniently located in the heart of Sydneys CBD close to Town Hall and Queen Victoria Building. Total strata area is 150 sqm including a covered forecourt for alfresco dining.

It is currently leased to a well-established caf/restaurant on a 5-year lease expiring October 2012. Annual rent increase is 4% and the lessee pays for the increase in outgoings from the base year of June 2004.

The current gross rent is $116,779.70 per annum + GST. After deducting all outgoings, the net rental income is approximately $95,960 per annum + GST.

This is an excellent opportunity to own this CBD ground level retail investment with street front exposure and steady rental income.

Thursday, 18 March 2010 10:30AM
The Grace Hotel, 77 York Street Sydney

Outgoings per annum (approx):
Strata Levies: $30,326.52
Council Rates: $2,159.16
Water Rates: $909.40

Contact: Raymond Hung 0419 223 895