Shop 12/177 Mitchell Road, Alexandria NSW 2015
- 110 m²
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 date and time||08/11/2018 10:30|
|Auction location||Ask Agent|
|Date Sold||31 Oct 2018|
|Floor Area||110 m²|
|Land Area||Ask Agent|
|Last updated||18 Dec 2018|