Shop lot 2/379 Kent Street SYDNEY, NSW 2000

Sold on 19 Jun 2012
  • Building/Land: 85m² (0.02 acres)

Sold By

Retail in SYDNEY

Sold at Auction! Looking to sell? Call Raymond Hung on 0419 223 895.

  • Building/Land: 85m² (0.02 acres)

This ground level retail shop is located on Kent street between Market and King Street close to Cockle Bay, Queen Victoria Building and Pitt Street Mall.

It has a strata area of 85 sqm and is leased as a convenient store. The current lease will expire on 31 July 2013, the tenant has an option to renew the lease for a further 5 years. The current rent is $71,165 per annum + GST. It will be increased to $74,011.60 per annum + GST from 31 July 2012.

This is an excellent opportunity for retail property investors looking for a steady income stream in Sydney's CBD.

Estimate Outgoings per annum:
Strata levies $6,492
Council rates $1,675
Water rates $760

Auction on Tue 19 June 2012, 10:30am at Mezzanine Level, 50 Margaret Street Sydney

Interactive Floorplan:

Ray White City South
Raymond Hung on 0419 223 895 or 02 9289 8908
Ray White Surry Hills
Richard Pembroke on 0419 222 357 or 02 9004 8800




85m² / 0.02 acres