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Sold on 31 Oct 2018

Shop 12/177 Mitchell Road, Alexandria NSW 2015

  • Retail
  • Floor Size110 m²
  • PriceSold

Prime Entry Level Retail Investment

This remarkable retail investment commands attention from inner city foot and passing traffic on one of its busiest streets. A well-equipped bike shop amongst one of Sydney's most vibrant settings, across from Sydney Park, and its playground and bike tracks. This versatile space is currently tenanted to an established bike shop on a new 3 year lease with a 3 year option, and yields high net rental returns of $600 (approx.) plus GST per week.

The corner site caters to indoor and potential outdoor opportunities with a wide street front and a comfortable 110 sqm interior layout. The internal fit-out features polished concrete floors throughout, high ceilings and extensive display counters and storage.

Surrounded by South Sydney's crowded and ever-growing residential district, this rare investment opportunity appeals to those seeking great exposure, placed only a stroll from King Street, Newtown, St Peters Train Station, Erskineville Village, The Grounds and is directly across from Sydney Park.

- Ready-made retail investment with established tenant on a secure lease until May 2020 plus an additional 3 year option
- Net income $31,200.00 per annum plus GST
- Fixed rental growth of 4% per annum
- Low outgoings (approximately $6,558.00 per annum)
- Comfortable 100 sqm open layout plus potential for an outdoor area
- Polished concrete floors throughout and high ceilings
- Exceptional prospect to capitalise on location

Call James Griffiths on 0415 371 668 for more information

AUCTION

Auction date and time08/11/2018 10:30
Auction locationAsk Agent

Property Highlights

Property ID2014654541
Date Sold31 Oct 2018
Floor Area110 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  18 Dec 2018
Map for Shop 12/177 Mitchell Road, Alexandria NSW 2015
LJ Hooker Commercial Sydney |North Sydney
Level 18, 9 Castlereagh Street Sydney NSW 2000

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