Gunning Real Estate is excited to present to the the market for sale by public auction, this ground floor, retail investment property in the heart of Surry Hills.
3 x Retail Shops, 3 separate tenancy income streams on 1 strata title, benefiting from enormous street frontage.
Set back from Devonshire Street and in-between Elizabeth and Chalmers Street, with immediate access to Devonshire St Surry Hills light rail station, the property benefits greatly from the constant flow of foot traffic and the surrounding businesses and residents. This is prime Surry Hills!
Property Features:
> 3 quality tenants on separate leases
> Net rental $115,600.00 annually exclusive of GST
> WALE - 4 years from Q4 2017
> An average 3.8% annual increases across the three leases
> 3 street frontages - totaling 26 meters of street exposure
This is a great opportunity to acquire a very secure investment, that will continue to increase in value within one of Sydney's most popular fringe suburbs.
For further information please don't hesitate to contact the agents;
Auction date: 6th March at 10:30am
Mezzanine level, 50 Margaret Street, Sydney