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 time	10/03/2020 10:30
Auction location	Shop 2 & 3/351-355 Cleveland Street, Redfern NSW

Belle Property Commercial - Inner West/City Fringe

Level 1, 2-4 King Street

Newtown, NSW 2042

Property Highlights

Date Sold	10 Mar 2020
Floor Area	166 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016063348
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	6 Aug 2020

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

Nearest transport* to Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016

Bus

Train

Tram

Ferry

Cleveland St At Marlborough St	23 m
Cleveland St At Walker St	127 m
Cleveland St At Marriott St	137 m
Cleveland St At Crown St	177 m

*Within a 4km radius

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Belle Property Commercial - Inner West/City Fringe

Level 1, 2-4 King Street

Newtown, NSW 2042

Property Highlights

Date Sold	10 Mar 2020
Floor Area	166 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016063348
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	6 Aug 2020

Co-Agents

Rocco Tripodi

Belle Property Commercial - Inner West/City Fringe

Call

0407 771 655

Andrew Bozza

Belle Property Commercial - Inner West/City Fringe

Call

0419 110 099

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

Shop 2 & 3/351-355 Cleveland Street Redfern NSW 2016 is categorized as Shop & Retail Property. It has a floor area of 166 m². The listing ID for this property is 2016063348.