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155 Castlereagh Street
Sydney NSW 2000
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Sold on 14 Sep 2016

155 Castlereagh Street Sydney NSW 2000

  • Shop & Retail
  • Sold

QUALITY RETAIL INVESTMENT PROPERTY WITH 5+5 YEAR LEASE!

- Unique retail investment opportunity
- Landmark location near David Jones
- Net income: $29,824 per annum approx.
- Ground floor positioning with illuminated signage
- Secure 5 year lease in place with 5 year option
- Large frontage with floor to ceiling glass windows
- Reputable Tenant (Est. 1918) with excellent trading history
- Tenant has been in occupation for 18 years
- Secure lease with 3M Bond and Personal Guarantee
- Situated at ground level of large commercial building
- Modern and stylish presentation
- Open plan and efficient layout
- Well maintained building with low Outgoings
- Close to Westfield Shopping Centre and Pitt Street Mall
- Close to Town Hall and St James Stations
- Prominent position between Park and Market Streets
- Popular location next to the newly developed ANZ Tower

SIZE - SHOP 3 (LOT 4)
Internal retail area - 32m2 approx.

TENANCY STATUS - LEASED
Tenant - Baker's Tennis Shop and Restringing
Lease term - 5+5 years, commencing March 2014
Rental - $34,080 per annum approx.
Rental increases - CPI annually
Outgoings - Tenant pays Water rates
Lease security - 3M rental plus Personal Guarantee

OUTGOINGS
Strata levies - $867 plus GST per quarter approx.
Council rates - $197 per quarter approx.
Water rates - $54 per quarter approx.

NET INCOME
$29,824 per annum approx.

CONTACT DETAILS
Ross Ladd - 0449 286 129
Tim Noonan - 0416 286 129
Noonan Property - 9231 6000

Property Highlights

Date Sold14 Sep 2016
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Virtual TourView Tour
Property ID2012873543
Category
Last updated  14 Sep 2016
Map for 155 Castlereagh Street Sydney NSW 2000

Nearest transport* to 155 Castlereagh Street Sydney NSW 2000

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Property Highlights

Date Sold14 Sep 2016
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Virtual TourView Tour
Property ID2012873543
Category
Last updated  14 Sep 2016
Suite 19, Level 7, 44 Bridge Street Sydney NSW 2000

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