563-565 Bourke Street, Surry Hills, NSW 2010

Investment | Hotel/Leisure

Sold

  • Property ID: 304644
  • Floor Area: 708m²
  • Land Area: 273m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 27/11/2018 708m2 273m2 Contact Agent
Prominent corner freehold investment - SOLD PRIOR TO AUCTION

Gunning Real Estate is delighted to present to the market for sale by Public Auction, 563-565 Bourke Street, Surry Hills.

The asset is a fully leased investment with income streams from 5 separate tenancies. The property is anchored by Surry Hills oldest pub in The Carrington Hotel.

Positioned in the core of Surry Hills, the property benefits from three street frontages to Bourke and Arthur Streets and Aurther Lane to the rear. Less than 200m from the newly built Light Rail on Devonshire Street.

Investment highlights include;

- Gross Passing Income: $355,486.00 per annum*
- Land size: 273sqm*
- Gross building Area: 708sqm*
- 5 separate tenants
- Prominent corner position

*approximate

The property will be auctioned on Tuesday - 28th August, 2018. The auction will be held at AuctionWORKS, Mezzanine level, 50 Margaret Street, Sydney.

To obtain and information memorandum or to arrange a time to inspect, please feel free to contact the agents;

Surry Hills Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $9000 $558 6.20%
Offices $9391 $646 6.87%
Industrial --- $272 ---
This is the average advertised price, rent and yield for Surry Hills, NSW 2010*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 563-565 Bourke Street, Surry Hills, NSW 2010. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 563-565 Bourke Street, Surry Hills, NSW 2010. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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