SOLD property

299 Kent St , SYDNEY NSW 2000

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For AUCTION

Development / Land, Offices, Retail/Shops/Shopping Ctrs/Serv…
Land size:
247.3 sq.m
Building size:
562 sq.m
Property ID:
397049

Main content:

HUGE POTENTIAL/FULLY LEASED INVESTMENT

299 KENT STREET SYDNEY  
(also known as 41-45 Erskine Street)  
 
KEY CORNER POSITION  
 
Location  
 
299 Kent Street, Sydney is located in the northern CBD, on the corner of Kent and Erskine Streets diagonally opposite the new Westpac head offices.  
 
The property is easily accessible by public transport, just moments away from both the Wynyard bus and rail terminals and within the immediate vicinity of King Street Wharf and Darling Harbour.  
 
 
Description  
 
The property comprises four ground floor shops and two upper levels of offices. The ground floor shops are currently operated as a sandwhich shop/café on the corner, a dry cleaner and a Vietnamese restaurant occupies the shop onto Erskine Street.  
 
Construction is brick and timber with concrete stairwell off Kent Street providing access to the upper levels.  
 
Level one is divided into seven small suites predominantly leased to music tutors with level two divided into three tenancies.  
 
All tenancies are on either month to month or have less than 12 months remaining on their lease  
 
 
HUGE POTENTIAL  
Site Area 247.3 sqm  
NLA 562 sqm  
GROSS INCOME APPROX $242,930.07 P.A  
 
 
AUCTION 23RD MARCH 2010, 10 AM, 55 HARRINGTON STREET, SYDNEY

Summary

Building Area
562 m²
Land Area
247.30 m²
Occupancy
leased investment

Auction Details

Auction Time
23/03/2010 10:00:00
Auction Terms
55 HARRINGTON STREET, SYDNEY

More information


Address is approximate.