Shop 1, 118 Alfred Street,
Milsons Point, NSW 2061

Shops & Retail

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$1,290,000

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Map of Shop 1, 118 Alfred Street

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RETAIL INVESTMENT - APPROX 7% NET RETURN

CIRCA 7% NET
NEW 5 + 5 YEAR LEASE
4% FIXED INCREASES

Featuring a brand new 5 + 5 year lease to an established restaurant operator Shop 1 / 118 Alfred Street, Milsons Point presents as an outstanding investment opportunity sure to outperform benign cash at back returns.

This ground floor retail offering located in the prestigious North Residence complex completed in 2009, benefits from an effective and efficient restaurant fit out with recently approved plans for additional outdoor seating, awning alterations and screening via aesthetic planter boxes.

KEY SELLING POINTS INCLUDE:

-AREA: 221sqm strata area including outdoor area

-TENANT: Em Nabil's Lebanese Kitchen

-LEASE: 5 + 5 year Net Lease expiring 31st October 2020

-INCOME: $93,000 NET + GST

-REVIEWS: 4% Fixed in the first term 5% fixed in the option period

To view this investment opportunity please contact Nick Lowry from CI Australia on 0408 891 376.

Property ID: 501990494Last Updated: 4 Jun 2024

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