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Sold on 29 Aug 2017

Suite 1/199 Regent Street Redfern NSW 2016

  • Shop & Retail
  • 422 m²
  • Sold, $1,910,000

GROUND FLOOR OFFICE LEASED INVESTMENT

    Aboriginal Legal Services are currently constructing a brand new fit out which will be completed 8/8/17.

    Shop 1 / 199 Regent Street, Redfern presents a large retail / office use premises just leased to the Aboriginal Legal Services, a publicly listed and government funded entity, located within close proximity to Redfern Train Station and the Australian Technology Park. This sought-after retail position with surrounding eateries and city fringe location offers boundless exposure with street frontage in a high pedestrian traffic area. Fully renovated with brand-new fit-out in place, this well-presented office / retail space offers a fantastic option as a new or additional strata investment to any portfolio.

    - FIT OUT: Brand new fit out currently being constructed, completion 8/8/17
    - TENANT: Aboriginal Legal Services (NSW/ACT) Ltd
    - TERM: 3 + 3 years
    - COMMENCEMENT: 01.08.2017
    - SECURITY: $39,875.00 bank guarantee equivalent to 3 months rent
    - INCOME: $145,000.00 p.a. + GST as at 01.08.2017 commencement
    - OUTGOINGS: $23,160.65 p.a. + GST where applicable
    - UPSIDE: 4.25% annually and at the exercise of option

    For sale via public auction:
    10:30am Tuesday 29th August 2017
    Auction Works: Mezzanine Level, 50 Margaret Street, Sydney NSW 2000

    Open for inspections will take place every Wednesday at 11:00am and every Saturday at 10:30am. Please note inspections will commence on Wednesday 9th August.

    To obtain an information memorandum or further property details please contact Nick Moloney.

    AUCTION

    Auction date and time29/08/2017 10:30
    Auction locationAuctionworks: Mezzanine Level, 50 Margaret Street, Sydney
    Nick Moloney
    Raine & Horne Commercial North Sydney
    Nick Moloney
    Raine & Horne Commercial North Sydney

    Property Highlights

    Property ID2013756596
    Date Sold29 Aug 2017
    Sold Price$1,910,000
    Floor Area422 m²
    Land AreaAsk Agent
    Parking2 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  29 Aug 2017
    Map for Suite 1/199 Regent Street Redfern NSW 2016
    Map for Suite 1/199 Regent Street Redfern NSW 2016Suite 1/199 Regent Street Redfern NSW 2016
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    • Purchase price

      $
      1,910,000

    • 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.

    Nick Moloney
    Raine & Horne Commercial North Sydney
    Nick Moloney
    Raine & Horne Commercial North Sydney

    Property Highlights

    Property ID2013756596
    Date Sold29 Aug 2017
    Sold Price$1,910,000
    Floor Area422 m²
    Land AreaAsk Agent
    Parking2 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  29 Aug 2017
    Raine & Horne Commercial North Sydney
    Ground Floor, 124 Walker Street North Sydney NSW 2060
    Nick Moloney
    Raine & Horne Commercial North Sydney
    Nick Moloney
    Raine & Horne Commercial North Sydney

    Ask Nick Moloney about this property

    Nick Moloney

    Nick Moloney

    Raine & Horne Commercial North Sydney

    0477 *** ***
    0477545111

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