Shop 7P/74 Mountain Street Ultimo NSW 2007

New 6 + 6 Year Lease to well established tenant
Wide retail frontage of approximately 7.5 metres
Tenant has been trading strongly at site for over 5 years
New lease commenced on 1 April 2019
Successful tenant providing high quality food in booming area
Thousands of units and student accommodation rooms in immediate area
University Technology, Notre Dame,Torrens University,TAFE - seconds away
Ultimo is one of Australia's most densely populated areas and growing'
7 day and night trading location
Full kitchen with mechanical ventilation and grease trap
Undercover carparking space included in lease on separate title
Thousands of office workers and many of these are loyal customers
An adjacent 90sqm sold in April 2018 for $1,410,000
This restaurant price guide of $1,100,000 for 145sqm is exceptional value
Net income: $48,956 pa + GST

DEPOSIT TAKEN , NOW UNDER OFFER