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Shop 2, 238 Palmer Street Darlinghurst, NSW 2010

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Shop 2, 238 Palmer Street,
Darlinghurst, NSW 2010

Shops & Retail • Offices

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Map of Shop 2, 238 Palmer Street

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CITY FRINGE RETAIL INVESTMENT

  • Top performing Salon TWOSIXSIX
  • Net income $40,560 per annum^
  • 4% increases annually
DARLINGHURST'S HOTTEST HAIR SALON

CBRE, as the exclusive selling agent, is pleased to present Shop 2, 238 Palmer Street, Darlinghurst. The property is a boutique retail strata investment located on the ground floor of the highly sought after ‘Republic 1’ development. The salon has been operating from the Republic 1 development for over 5.5 years, making it a secure retail investment in the burgeoning suburb.

Shop 2, 238 Palmer Street, Darlinghurst benefits from the following key attributes:

• Desirable Sydney city fringe location
• Top performing tenant Salon TWOSIXSIX
• Net income: $40,560 per annum^
• 4% increases annually
• 100% of outgoings paid by tenant
• 3 + 3 + 3 year lease
• 42sqm^ strata area
• Positioned on the ground floor below the Republic 1 development, a premium residential terrace conversion

The property was sold via public auction at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney on Tuesday 10 October 2017.

Note: All financial figures have been provided by the vendor. Purchasers are advised to conduct their own independent due diligence

^Approximate

Property ID: 502564070Last Updated: 27 Oct 2020

0403 230 0...
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Shop 2, 238 Palmer Street
Darlinghurst, NSW 2010
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000

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