Investment | Retail

Property ID: 262071

 

Prime Position CBD Retail Investment Opportunity

Ground Floor, 365 Kent Street, Sydney, NSW 2000

This remarkable retail investment commands attention from inner city foot traffic on one of its busiest streets, providing a well-equipped café site in one of Sydney's most vibrant settings. This impressive space is currently tenanted in a 5 year lease with a 5 year option, and yields high rental returns of $1,300.00 (approx.) plus GST per week.

The relatively compact site caters to indoor and outdoor dining, with 4m street frontage and a comfortable 35 sqm interior layout. It features a full width timber preparation bench with kitchenette and quality appliances, while ample refrigeration and glass counter storage provide additional space.

Additional highlights include a staff toilet, storage room, high ceiling, air conditioning, alarm system and a valuable secure car space in the building. Surrounded by Sydney's crowded business district, this rare investment opportunity appeals to those seeking a great exposure, placed only a stroll from King Street Wharf, the new Barangaroo dining precinct, Town Hall and Wynyard Station.


- Readymade retail investment with existing tenant on a secure lease until August 2019 plus an additional 5 year option
- Net income $67,491.84 per annum plus GST (from August 2017)
- Fixed rental growth of 4% per annum
- Tenant pays all outgoings (approximately $7,912.00 per annum)
- Comfortable 35 sqm open layout plus plenty of outdoor streetside dining
- Warm and inviting décor, timber finished kitchenette, staff toilet/storage
- Air conditioning, high ceiling, alarm system plus extensive refrigeration
- Valuable secure car space located in the building
- Exceptional prospect to capitalise on location, scope to add some value.

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Contact Agent

James Griffiths