Ray White Commercial (SC) is pleased to present to market Chambers Coffee Ultimo, located at Shop 2/646 Harris Street, Ultimo, NSW. This property is offered for sale via Auction.

This asset features a new 10-year lease to 2033 with options to extend until 2043. Chambers Coffee is a successful and established Sydney coffee retailer and roaster with over 15 locations across Sydney and a strategic growth plan.

Situated in the bustling heart of Ultimo, this property enjoys high foot traffic and is strategically located next to major landmarks such as the University of Technology Sydney, TAFE, Chinatown, Broadway Shopping Centre, and Darling Harbour. It is just a 5-minute walk to the Haymarket Light Rail, making it an ideal investment.

Additional highlights of the asset include:

• Guaranteed rental growth with fixed 3% per annum increases
• Easy to manage single tenant investment with Chambers Coffee responsible for all outgoings including Land Tax & Property Management
• Prime and versatile corner position in the heart of UTS's campus with a student population of 45,221
• Ultimo is an inner Sydney suburb adjacent to the CBD with a high-density population catchment of 117,000+ within a 2km radius
• Net Income: $150,000 pa* + GST
• 3 x parking spaces on title

Shop 2/646 Harris Street, Ultimo is offered for sale via Auction on Tuesday, 20 August 2024 at 10:30am (AEST). The Auction will be held at AuctionWORKS, 50 Margaret Street, Sydney NSW 2000.

For further information, please contact the exclusive selling agents below.

*Approximately