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Sold on 10 Sep 2019

Lot 1, 197-199 Castlereagh Street Sydney NSW 2000

  • Shop & Retail
  • 2,622 m²
  • Sold

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 time20/06/2019 12:00
Recipient nameVince Kernahan
Delivery addressColliers International, Level 30, Grosvenor Place, 225 George Street Sydney

Property Highlights

Property ID2015265612
Date Sold10 Sep 2019
Floor Area2,622 m²
Land Area1,185 m²
ParkingOn site parking available
Category
Last updated  3 Oct 2019
Map for Lot 1, 197-199 Castlereagh Street Sydney NSW 2000
Map for Lot 1, 197-199 Castlereagh Street Sydney NSW 2000Lot 1, 197-199 Castlereagh Street Sydney NSW 2000
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000

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