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Sold on 10 Mar 2020

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

    AUCTION

    Auction date and time10/03/2020 10:30
    Auction locationShop 2 & 3/351-355 Cleveland Street, Redfern NSW
    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West

    Property Highlights

    Property ID2016063348
    Date Sold10 Mar 2020
    Floor Area166 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  6 Aug 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
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West

    Property Highlights

    Property ID2016063348
    Date Sold10 Mar 2020
    Floor Area166 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Category
    Last updated  6 Aug 2020
    Belle Property Commercial Inner West
    186 Enmore Road Newtown NSW 2042
    Rocco Tripodi
    Belle Property Commercial Inner West
    Rocco Tripodi
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West
    Andrew Bozza
    Belle Property Commercial Inner West

    Ask Rocco Tripodi about this property

    Rocco Tripodi

    Rocco Tripodi

    Belle Property Commercial Inner West

    Andrew Bozza

    Andrew Bozza

    Belle Property Commercial Inner West

    0407 *** ***
    0407 771 655

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