Lot 19, 403-427 Pitt Street,
Sydney, NSW 2000

The subject property is located between Goulburn and Cunningham Streets, within easy walking distance to the cinema / entertainment precinct along George Street, east of Chinatown, and west of Hyde Park and Museum Railway Station.

This is an exciting opportunity to acquire a rare strata shop in Sydney’s World Square growth precinct. There are very limited retail premises within City South with dramatic population growth.

The area is the new epicenter for entertainment and retailing in Sydney, complimenting its existing role as the major legal and government office district of the Sydney CBD, and the focal point of development of a number of large residential towers that have reinvigorated the locality and Sydney’s reputation as a truly living city. The site is perfectly positioned to become Sydney’s next leading residential tower, serviced apartment hotel complex, commercial building or mixed-use development.

Lot 19 has 5 metre frontage (approx) and is currently leased to a property distribution group. Lease will be expiring in January 2014 with CPI plus 2% increase annually. The current rent is under market value. There will be great potential for both rental and capital gain in the long run. Net rental income is $60,000 + GST.

For more information contact William Shen on 0419 406 6....