266 Mitchell Road Alexandria NSW 2015

Laing and Simmons Commercial are pleased to offer for sale by Public Auction 266 Mitchell Road, Alexandria.

Located on busy Mitchell Road in one of Sydney's hottest suburbs directly opposite a new 1,000 apartment and retail development which includes a Woolworths metro, BWS and pharmacy.

Leased to an established dog day care business this property provides secure income with future upside.

Key highlights of this property include:

* Building area 272 Sqm (approx.)

* Wide frontage to Mitchell Road of 10.5 meters (approx.)

* Lease term: 3 Years + 5 + 5 Years (tenant has excersised the option)

* Gross rent as of 1.10.2024 : $104,272 per annum plus GST

* Rear Lane Access

* Potential future develpment site (STCA)

* An exciting opportunity to secure a solid asset to invest with a current holding income to Dogs in Town who have exercised their option for two further terms of 5 years with a renovation programe in place.

* Close to some of the best cafes, bars, and restaurants that Alexandria has to offer. Opposite brand new retail development which includes a Woolworths, BWS as well as a pharmacy.

* 1km from Erskineville Station. 1.5km to Green Square, between the Princes Hwy and Eastern Distributor