Haymarket Auction - Commercial Real Estate ID 294089

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QG7/8 Quay Street, HAYMARKET NSW 2000

Prop ID: 294089

AUCTION

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Affordable investment with excellent Retail Exposure

QG7/8 Quay Street, HAYMARKET NSW 2000

Building Area:

35 m²

Occupancy:

leased investment

Auction Time:

23/10/2008 10:30:00 AM

Auction Venue:

Angel Place Conference, Mezzanine Flr, 123 Pitt St

Rental (p/a):

$39,824 (GST ex)

Outgoings Paid By:

tenant

This 35 sqm strata shop is strategically located on the Quay Street level of Prince Centre overlooking Thomas Street. Prince Centre is a retail and commercial building prominently located in the Chinatown precinct. This vibrant centre is located 1 block away from Paddy’s market, close to UTS, Darling Harbour and Central Station. The centre houses a wide variety of shops and restaurants frequented by local residents, office workers and students.
This shop has been leased to the same travel agency for over 10 years and a new 3 year lease has been recently executed. The new lease commences 12 December 2008 with an annual rental of $39,824.50 net of GST. In addition, annual rental increase of 5% is provided for in the new lease.

Estimated outgoings per annum:
Strata levies $ 5,428 Council rates $ 1,027 Water rates $ 534

Raymond Hung 0419 223 895 or email rhung@raywhitecitysouth.com.au

Agent Details

Ray White City South

Level 1770 George Street

Tel: 0292898989

Fax: 0292898988

Contact:

Raymond Hung

Mobile: 0419 223 895

General: (02) 9289 8908

Sales:

Rental:

Technical:

Fax: (02) 9289 8988

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Ray White City South, Sydney

Subject:

Property for auction - ID 294089

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