Shop 12/555 Elizabeth Street,
Surry Hills, NSW 2010

This strata shop is located on Elizabeth Street close to Cleveland Street junction. It is surrounded by cafes, eateries and is within walking distance to Central Station.
It has a retail area of 118 sqm plus 2 security car spaces and a separate store room on title.

This property has two income streams with a total gross annual income of approximately $69,384 + GST. The main shop is occupied by a floorboard retailer since 2005. A new lease of 3 years plus 2 options of 3 years each has just been executed. The rent is $58,000 + GST per annum.

Part of the shop front is leased to the Commonwealth Bank to accommodate an automatic teller machine. The rent is about $11,384 per annum + GST.

Outgoings (approximate per annum)
Strata Levies $ 4,843
Council rates $ 1,410
Water rates $ 715

Interactive Floorplan:
http://www.au.open2view.com/tour/plan/209717

Contact:
Raymond Hung 0419 223 895 or 02 9289 8908
rhung@raywhitecitysouth.com.au