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27/118 Crown Street Darlinghurst NSW 2010

  • Shop & Retail
  • 263 m²
  • Commercial Auction

City Fringe Investment Opportunity w/ Parking (Receivers and Managers appointed)

Ray White Commercial Metropolitan Sydney is pleased to present this exclusive investment opportunity at Lot 27 / 118 Crown Street, Darlinghurst for sale via private treaty. The agents are appointed under instructions from the Receivers and Managers, Stephen Dixon and Leigh Dudman of Hamilton Murphy Advisory.

The shop front of this boutique investment opportunity is located on the fringe of the Sydney CBD and moments to nearby Kings Cross and Oxford Street hubs. The retail space is fitted as a restaurant, currently trading as 'The Colonial'.

An incoming purchaser has the opportunity to secure a further income stream from leasing the 4 vacant car spaces offered as part of the sale in this sought after city fringe location.

The property boasts the following highlights:

- Net lettable area of approximately 263sqm* (retail space + parking)
- Estimated fully leased income of $187,940 p.a.*^ (Excl. GST.)
- Current rent of $163,940 p.a.* (Excl. GST.)
- Rent is subject to annual CPI uplifts
- Lease expiry June 2023 (Options - 5 + 5 years)
- 5 car parking spaces on title with potential to rent separately
- 400m* to Sydney's Hyde Park, 500m* to Oxford Street and 900m* to Kings Cross

The property is offered for sale via Private Treaty.

For further information, to organise a private inspection or to obtain a contract of sale please contact the exclusive selling agents.

Samuel Hadgelias
Director
Ray White Commercial - Metropolitan Sydney
0403 254 675
shadgelias@raywhite.com

Steven O'Neill
Sales Associate
Ray White Commercial - Metropolitan Sydney
0421 728 792
soneill@raywhite.com

*approx
^Estimated fully leased income assumes car parking spaces are fully rented. The rental figure quoted for these car parks is based on the previous lease agreement. All figures are subject to market.

AUCTION

Auction date and time19/05/2020 11:00
Auction location17/135 King Street, Sydney NSW 2000 (Online option available)

Inspections are still happening

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Property Highlights

Property ID2016214179
Floor Area263 m²
Land AreaAsk Agent
Energy0-star NABERS Energy rating
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Virtual TourView Tour
Category
Last updated  1 Jun 2020
Map for 27/118 Crown Street Darlinghurst NSW 2010
Map for 27/118 Crown Street Darlinghurst NSW 201027/118 Crown Street Darlinghurst NSW 2010
Ray White Commercial NSW - Metropolitan Sydney
Level 17/135 King St Sydney NSW 2000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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