Shop 3/7 Elizabeth street,
Sydney, NSW 2000

This ground level retail shop is located on Elizabeth Street close to Chifley Plaza, Martin Place and Parliament House. It is one of the two street fronted shops underneath the 10-storey residential and commercial building completed in 1930. It has a strata area of 49sqm.

It is currently leased to a hot food/sandwich takeaway with a 3 + 3 year lease. The existing lease expires in February 2014. The current net rent is $64,896 per annum + GST. In addition to this rent, the tenant is paying outgoings including strata levies, council and water rates.

This is an excellent opportunity to own a piece of real estate in the centre of Sydney's financial district with a steady income stream.

Approximate outgoings per annum:
Council rates: $2,159
Water rates: $680
Strata levies: $10,720
Land tax: Nil subject to single holding basis*
*Taxable land value as at 31 Dec 2011 is $ 171,997.

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