Skip to main content
Lot 86, 3 Mungo Place
Summer Hill NSW 2130
SearchBack to results
Sold on 21 Feb 2023

Lot 86, 3 Mungo Place Summer Hill NSW 2130

  • Shop & Retail
  • 67 m²
  • Sold

Renewed Leased Term - Creative Art Studio Investment

    Burgess Rawson is pleased to present Paper Rock Scissors, Summer Hill to the market for sale via Investment Portfolio Auction 158.

    The investment has the following key investment highlights:

    + Renewed lease term to December 2026 plus option
    + Paper Rock Scissors Art Studios: High performing Sydney creative retailer with an established customer base and additional locations, offering after school programs, high school art classes, birthday parties, holiday workshops, wine & cheese and art, and much more***
    + Fixed 3% increases insuring strong rental growth
    + Minimal management required, easy single tenant investment
    + Summer Hill: prestigious Inner-West suburb 7km from Sydney CBD, 850m* walk to the Summer Hill train station and within proximity to Woolworths anchored and Abacus & ISPT owned Ashfield Mall comprising of 24,791 sqm of retail and 5 levels of parking for 1,070 vehicles****
    + Benefiting from the Summer Hill Flour Mill community with 3,000+* commuters passing through daily, 7,311 residents* and the Flour Mill Summer Hill markets occurring every first and third Sunday of the month*****
    + Family oriented community supported by 850+ dwellings in the immediate area and above, and access to Sydney's Inner-West population of 183,000+ people**
    + Net Income: $43,815 pa* + GST

    To be sold by Investment Portfolio Auction
    10:30am AEDT Tuesday 21 February 2023
    Yallamundi Rooms, Sydney Opera House

    A further 3 Summer Hill investments are also available.

    Please contact the exclusively appointed Burgess Rawson team for more information.

    *Approximately
    **Inner-West Council
    ***Paperrockscissors.com.au
    ****ISPT
    *****summerhillflourmill.com.au

    AUCTION

    Auction date and time21/02/2023 10:30
    Auction locationYallamundi Rooms, Sydney Opera House

    Property Highlights

    Date Sold21 Feb 2023
    Floor Area67 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018013464
    Category
    Last updated  23 Feb 2023
    Map for Lot 86, 3 Mungo Place Summer Hill NSW 2130

    Nearest transport* to Lot 86, 3 Mungo Place Summer Hill NSW 2130

    Bus
    Train
    Tram
    Ferry
    Did you find this helpful?
    Yes
    No

    Property Highlights

    Date Sold21 Feb 2023
    Floor Area67 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018013464
    Category
    Last updated  23 Feb 2023
    Level 11.02, 9 Castlereagh Street Sydney NSW 2000

    More Shop & Retail for Sale in Summer Hill NSW

    Sold
    2 moonbie street,summer hill, NSW 2130
    524 m²
    Shop & Retail
    Sold
    18 flour mill way,summer hill, NSW 2130
    3,511 m²
    Shop & Retail
    Sold
    lot 136, 5-7 mungo scott place,summer hill, NSW 2130
    65 m²
    Shop & Retail