60 Park Street, Sydney, NSW 2000

Investment | Retail

Sold $1,700,000

  • Property ID: 322699
  • Floor Area: 41m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 41m2 N/A N/A
PRIME CBD RETAIL INVESTMENT

Gunning Real Estate is delighted to present to the market for sale by private treaty, this rare CBD retail investment, located at shop2/60 Park Street, Sydney.

The property is prominently located on the corner of Elizabeth and Park streets, directly opposite Hyde Park and within very close proximity to the new Sydney Metro and Town Hall Stations.

Investment Highlights;

- Leased to "Cup N' Chino" espresso bar
- New three (3) year lease plus options to 2027
- Net income of $85,644.72
- Strong 4% annual increases
- 41sqm shop plus 14 sqm storage (55sqm total strata area)
- Well established business usage
- Rare Sydney CBD strata retail opportunity

Please contact the sales agents for a comprehensive Information Memorandum and contract of sale.

Sydney Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $10378 $772 7.44%
Industrial --- $591 ---
Retail $10274 $640 6.23%
This is the average advertised price, rent and yield for Sydney, NSW 2000*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.
Email Agents
Tools
Print BrochureShare Property

  Gunning Commercial

 

View Agency Profile

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 60 Park Street, Sydney, NSW 2000. 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 60 Park Street, Sydney, NSW 2000. 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.
LOGIN (Existing Members)




Forgot your password?

Don't have an account? Register

×

REGISTER (New Members)

Already have a CPG account? Login

×
The Guide The Guide
Subscribe

Subscribe to our informative monthly guide, where we share news, views and tips about commercial property and the industry in which we specialise.

I am a... *

×

×
REGISTER (New Members)




Already have a CPG account? Login

×