EXCELLENT RENTAL RETURN - AAA LONG-TERM TENANT - SUPERB RETAIL LOCATION.
4.5% NET RENTAL RETURN PER ANNUM EXCLUDING GST.
Retail Shop located in busy Enmore Road, Newtown having generous street exposure, and loads of passing pedestrian traffic. Current rent is $49,031 + GST per annum with 4% annual rental increases. This property offers great exposure and a unique investment opportunity to secure a prominent retail property.
The premise consists of retail space, one secure car space and a storage cage. The total area on the title is 70 sqm. with a frontage of approximately 5.0 metres. Near new property, the complex contains 5 stylish shops and 29 one, two and three-bedroom apartments.
Shop 5 has high ceilings, a polished concrete floor and large windows. Suitable for many types of businesses, the premises has been home to The Stinking Bishops restaurant for 10 years.
FEATURES:
• Premium Retail Investment
• Current Use - Restaurant
• Current Lease Term 3 Years with An Option of a further 3 Years
• Zoned B2 Local Centre
• Inner West Council LGA
• Air-Conditioning
• Strong investment opportunity
• Highly sought-after location with exposure to passing foot and vehicular traffic
• AAA Current tenant
• Public transport at your doorstep