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

Property Highlights

Date Sold10 Mar 2020
Floor Area166 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016063348
Category
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

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Property Highlights

Date Sold10 Mar 2020
Floor Area166 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016063348
Category
Last updated  6 Aug 2020
Level 1, 2-4 King Street Newtown NSW 2042

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