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Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016

  • Shop & Retail
  • 166 m²
  • Commercial Auction

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

AUCTION

Auction date and time10/03/2020 10:30
Auction locationShop 2 & 3/351-355 Cleveland Street, Redfern NSW

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Property Highlights

Property ID2016063348
Floor Area166 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  10 Feb 2020
Map for Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016
Map for Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016
Belle Property Commercial Inner West
186 Enmore Road Newtown NSW 2042

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Reach out to the agent to arrange a private or online viewing

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