Lot 1, 197-199 Castlereagh Street Sydney NSW 2000
- Shop & Retail
- 2,622 m²
Rare Castlereagh Street Retail Surrounded by New Infrastructure and Development
Lot 1, 197-199 Castlereagh Street, Sydney presents investors the exceptional opportunity to acquire a substantial fully renovated stratum holding within Sydney CBDs tightly held premium retail core on Castlereagh Street.
The property comprises approximately 2,622sqm of improvments and is 100% leased to The Castlereagh Club on a 7 + 5 + 5 year net lease.
Comprising two levels of basement, ground floor and upper ground, the property is currently undergoing complete refurbishment and is occpupied by The Castlereagh Club, World Gym and Lynn Shanghai restaurant.
197-199 Castlereagh Street is positioned central to the new Pitt Street North and Pitt Street South entrances to the new Metro rail network entrances, and over station developments. These are only two of numerous new large-scale projects (including office, hotel and residential) surrounding the property adding valuable new amenity and future growth prospects for the property.
It is very rare that retail of such scale provides opportunity for private ownership. We strongly recommend all investors consider this exceptional opportunity.
Lot 1, 197-199 Castlereagh Street, Sydney is being sold via International Expressions of Interest closing Thursday 20th June 2019 at 4pm AEST.
EXPRESSION OF INTEREST
|Closing date and time||20/06/2019 12:00|
|Recipient name||Vince Kernahan|
|Delivery address||Colliers International, Level 30, Grosvenor Place, 225 George Street Sydney|
|Date Sold||10 Sep 2019|
|Floor Area||2,622 m²|
|Land Area||1,185 m²|
|Parking||On site parking available|
|Last updated||3 Oct 2019|
- Commercial loan calculator
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Find out your loan options
Our partners at Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.
Ask Vince Kernahan about this property