Higher Yielding Opportunity - Sydney Eastern Suburbs - Priced from $8m+ | 7.25% Yield
Stonebridge National Investment Sales is pleased to present to the market ‘Barry’s Bootcamp Potts Point (Sydney)’ for sale via Immediate Offers to Purchase, priced from $8,088,000 at a 7.20% yield.
The asset has the following key investment features:
· Secure 15 year anchor lease to 2033 with attractive income growth via fixed 3.5% and fixed 4% annual rent increases
· Barry’s Bootcamp – Premium, iconic lifestyle brand and subsidiary of global conglomerate ‘Fitness & Lifestyle Group’
· Income supplemented by speciality shop occupied by ‘Vicki Lee Gallery’, a proven and established studio in the heart of Pott’s Points art mecca
· High profile Bayswater Road corner position, set across large 888 sqm* tenancy improved by striking, state-of-the-art fitout
· Landmark site in Potts Point/King's Cross core commercial precinct, one of Australia's most densely populated locale’s
· 50m* dual frontage metres from Darlinghurst Rd, nearby Woolworths, Coles & Kings Cross Train Station (33,100+ daily commuters*)
· Unmatched connectivity – 1.4 km* from Sydney CBD with direct access via major arterial William Street (39,699+ vehicles daily*)
· Potts Point – Blue ribbon Eastern suburb only 1.4 km* to CBD - affluent catchment with household income 90% above national average*
· Barry’s Bootcamp lease secured by significant 12 month Bank Guarantee + GST
· Net Income $582,715 pa* (+GST)
‘Barry’s Bootcamp Potts Point (Sydney)’ is for sale via Immediate Offers to Purchase , priced from $8,088,000 at a 7.20% yield.
Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 684