SOLD $1,350,000
HIGH RENTAL RETURN - AAA LONG TERM TENANT - EXCELLENT RETAIL LOCATION.
Large Retail Shop located in busy King St, Newtown, has excellent street exposure, and loads of passing pedestrian traffic. leased as of 01/12/2022 at $89,115.00 + GST per annum with 3% annual rental increases. This property offers excellent exposure. Nestled in busy, bustling King Street. This is a unique opportunity to secure a prominent retail property.
The premise consists of retail/commercial space, and one secure car space. The total area on the title is 95 sqm with a frontage of approx 4.6 metres.
FEATURES:
• Premium Retail Investment
• Lease Term 5 Years with An Option of a further 5 Years
• Zoned Local Centre B2.
• City of Sydney Council LGA
• Air-Conditioning
• Prime Location
• AAA Tenant
• 5% net yield approx.
