Shop 1/199 Regent Redfern NSW 2016

Strategically positioned on a popular city fringe retail strip, this property offers the astute investor the best of both worlds with a long lease in place to a
government backed tenant and real potential for both capital growth and income growth.

Property features include:
- 422sqm internal area with retail frontage to Regent Street
- 2 security car spaces
- 5 + 5 year lease to Disability Services Australia Limited commencing August 2012
- Gross income of $118,160 p.a. + GST
- Extremely low outgoings of approximately $51/sqm p.a.
- Sought after retail position on Regent Street with surrounding tenants including multiple eateries as well as an IGA supermarket.
- Opportunity to benefit from growing city fringe precinct.
- Close proximity to Redfern railway station & the Australian Technology Park
- Potential for further subdivision*
- Potential for substantial rental growth as current rent is at a rate of $280/sqm p.a.

EXPECTED BIDDING FROM $1,000,000!!!

Yield Guide: Circa 9% Net