Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016
Shop & Retail
166 m²
Sold
SECURE LONG TERM INVESTMENT
Belle Property Commercial presents 353 Cleveland Street Redfern, the home of La Qila restaurant for the past decade. The property spans two (2) strata retail lots within an mixed use development within the ever popular Sydney City fringe market. Having recently signed a new 5 x 5 year lease the tenant has committed to the property for the long term, giving the buyer of this fantastic investment security and high income stream within a low interest rate environment.
- Net Income: $97,674.00 + GST p.a Triple Net Lease (All outgoings paid by tenant) - Area: 166 square meters ( approx.) - Capital growth assured - Leased until Nov 29, 2024 with another five year option - Secure well established tenant - Rental increases of 5% each year
Map for Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016
Map for Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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