Shop 1, Shop 1/263 Clarence Street,
Sydney, NSW 2000
Shops & Retail • Offices • Other
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Map of Shop 1, Shop 1/263 Clarence Street
Ground level wide street front / Retail investment in Sydneys CBD
This ground level retail shop is conveniently located in the heart of Sydneys CBD close to Town Hall and Queen Victoria Building. Total strata area is 150 sqm including a covered forecourt for alfresco dining.
It is currently leased to a well-established caf/restaurant on a 5-year lease expiring October 2012. Annual rent increase is 4% and the lessee pays for the increase in outgoings from the base year of June 2004.
The current gross rent is $116,779.70 per annum + GST. After deducting all outgoings, the net rental income is approximately $95,960 per annum + GST.
This is an excellent opportunity to own this CBD ground level retail investment with street front exposure and steady rental income.
Auction
Thursday, 18 March 2010 10:30AM
The Grace Hotel, 77 York Street Sydney
Outgoings per annum (approx):
Strata Levies: $30,326.52
Council Rates: $2,159.16
Water Rates: $909.40
Contact: Raymond Hung 0419 223 895
It is currently leased to a well-established caf/restaurant on a 5-year lease expiring October 2012. Annual rent increase is 4% and the lessee pays for the increase in outgoings from the base year of June 2004.
The current gross rent is $116,779.70 per annum + GST. After deducting all outgoings, the net rental income is approximately $95,960 per annum + GST.
This is an excellent opportunity to own this CBD ground level retail investment with street front exposure and steady rental income.
Auction
Thursday, 18 March 2010 10:30AM
The Grace Hotel, 77 York Street Sydney
Outgoings per annum (approx):
Strata Levies: $30,326.52
Council Rates: $2,159.16
Water Rates: $909.40
Contact: Raymond Hung 0419 223 895
Property ID: 5620791Last Updated: 5 Dec 2013
(02) 9289 89...
Shop 1, Shop 1/263 Clarence Street
Sydney, NSW 2000
Detailed listing
Ray White - City SouthSuite 44E, Level 3/650 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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