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Sold on 10 Oct 2017

Shop 2/238 Palmer Street Darlinghurst NSW 2010

  • Retail
  • 42 m²
  • Sold

CITY FRINGE RETAIL INVESTMENT

DARLINGHURST'S HOTTEST HAIR SALON

CBRE, as the exclusive selling agent, is pleased to present Shop 2, 238 Palmer Street, Darlinghurst. The property is a boutique retail strata investment located on the ground floor of the highly sought after ‘Republic 1’ development. The salon has been operating from the Republic 1 development for over 5.5 years, making it a secure retail investment in the burgeoning suburb.

Shop 2, 238 Palmer Street, Darlinghurst benefits from the following key attributes:

• Desirable Sydney city fringe location
• Top performing tenant Salon TWOSIXSIX
• Net income: $40,560 per annum^
• 4% increases annually
• 100% of outgoings paid by tenant
• 3 + 3 + 3 year lease
• 42sqm^ strata area
• Positioned on the ground floor below the Republic 1 development, a premium residential terrace conversion

The property will be offered for sale via public auction at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney on Tuesday 10 October 2017 at 10:30am.

Note: All financial figures have been provided by the vendor. Purchasers are advised to conduct their own independent due diligence

^Approximate

AUCTION

Auction date and time10/10/2017 10:30
Auction location50 Margaret Street, Sydney

Property Highlights

Property ID2013868057
Date Sold10 Oct 2017
Floor Area42 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  22 Aug 2018
Map for Shop 2/238 Palmer Street Darlinghurst NSW 2010
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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