Ideally located on iconic Oxford Street
New 5 year lease with options to 2037
Attractive 3.5% rent increases
Oxford Agency & Burgess Rawson are pleased to offer to market the 245 Oxford Street, Darlinghurst NSW for sale via our Investment Auction Portfolio 159.
The property has the following investment highlights:
_ Brand new 5 year lease to 2027 plus options to 2037.
_ Kissuu: restaurant, bar & hospitality venue founded by hospitality expert Paul Schulte, Ex-Nobu Chef Adam Bourke & Music Curator, Rich Penny.
_ Favourable fixed 3.5% annual rent increases.
_ Net lease- tenants paying all usual outgoings including land tax and management fees.
_ Impressively fitted out 2 storey restaurant and bar on the iconic Oxford Street. It’s the creation of Paul Schulte (ex-Prince York) creative director of Hunger Group (Café Parker).
_ Liquor licence till 2 am.
_ Located on Oxford Street, a major arterial road into Sydney’s prestigious Eastern Suburbs.
_ Affluent young population of over 240,000 within the inner-city region. The most populated age demographic being the 20-40yr old bracket.*
_ Situated perfectly to take advantage of the extensive list of hospitality, entertainment, and sporting events within close proximity.
_ Easily managed single tenant investment.
_ Net Income: $180,000 pa** + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 28 March 2023
Sydney Opera House
Please contact the exclusively appointed Oxford Agency & Burgess Rawson team for more information.
*Australian Bureau of Statistics
**Approx