Shop 17/427-441 Victoria Avenue, Chatswood, NSW 2067

Retail

Sold Contact Agent

  • Property ID: 384311
  • Floor Area: 46m²
  • NBN Availability: Service Available - Fibre to the building (FTTB)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 31/03/2021 46m2 N/A Contact Agent
SOLD BY SHEAD PROPERTY

* New Lease 3 + 3 + 3
* CPI & Fixed 3% Rent Increases
* Net Income $73,669 pa ex GST

Shead Property are delighted to be appointed exclusive selling agents for Shop 17, 427-441 Victoria Avenue Chatswood.

The very popular food shop will be offered for sale by way of public auction 6pm Wednesday 31 March 2021, the auction will be held at the office of Shead Property, level 1, 75 Archer Street Chatswood.

A rare opportunity to acquire a retail food shop located within a high traffic Shopping Centre situated in the heart of Chatswood CBD.

The shop is trading as Jin Jin Kitchen with the tenant recently undertaking a brand new fitout.

The property has a new 3 + 3 + 3 year lease commencing October 2020, the lease has built in CPI & fixed 3% annual rental increases throughout the lease including the option terms.

The tenant is responsible for 100% of water usage charges, trade waste charges & grease trap removal charges. The lease is secured by a three (3) month bank guarantee and personal guarantee.

With an anticipated net rental return in excess of 5.0%, this is certainly one opportunity not to be missed!

For all enquiries please feel free to contact Ivor Zhou 0430 248 867 or Bill Geroulis 0413 100 200.

Chatswood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $6447 $283 4.38%
Retail $12153 $736 6.05%
Offices $6608 $636 9.63%
This is the average advertised price, rent and yield for Chatswood, NSW 2067*

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.

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™.
  • 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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