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Retail

637 Harris Street ULTIMO, NSW 2007

Sold on 17 Jan 2011
  • Building: 168m²
  • Land: 123m² (0.03 acres)
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Retail in ULTIMO

SOLD! SOLD! SOLD!

  • Building: 168m²
  • Land: 123m² (0.03 acres)

This 3-storey terrace is located on Harris Street close to Darling Harbour, Sydney TAFE and UTS.

The ground level is leased to a caf/bakery till 27 September 2014, the tenant has an option to renew the lease for a further 5 years. The current rent is $850 per week + GST, it will be increased to $1,000 per week + GST from 28 September 2011 and subsequent annual rent increase will be subject to CPI adjustment.

The upstairs residence has 4 bedrooms and is currently rented out for approximately $650 per week on a month to month basis.

The land area for the property is 123 sqm with a width of about 6M facing Harris Street.

Statutory outgoings (approximate per annum)
Council rates: $1,718
Water rates: $728 (excluding water usage, trade waste and grease trap charges paid by tenant)

Land Tax: Nil subject to single holding basis on a taxable land value of $360,000 as at 31 December 2009.

Interactive Floorplan:
http://www.open2view.com.au/tour/inline/plan/154182

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

Building:

168m²

Land:

123m² / 0.03 acres

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