Savills as the exclusive selling agent, is pleased to present 88 Alfred Street, Milsons Point. This is your chance to secure a prime investment in Sydney’s second most liveable suburb. Having a strong performing tenant such as QE Foodstores already in place, allows for instant rental income.
• Boutique inner city supermarket with ten (10) year lease to proven operator QE Foodstores with 9 stores and annualised turnover c.$30m
• Bank guarantee and personal guarantee of the tenant provided
• Strong net income of $281,400 p.a with fixed annual rental increases of 3%
• Structured increases of 5% at the five (5), ten (10) and fifteen (15) year anniversaries
• Large 456sq m* ground floor area plus secure car space & storage with potential to subdivide at a future date if desired
• Highly secure investment with low exposure to land tax and significant tax saving depreciation benefits
• Sitting in one of Sydney’s most densely populated and affluent harbourside catchments opposite Milson’s Point Station, four (4) mins from Wynyard
• Sydney’s second most liveable suburb only a ten (10) minute walk to the Sydney CBD & North Sydney
• Surrounded by high rise residential apartments and office accommodation generating strong all day trade
*Approx.
Your opportunity to secure your place within one of Sydney’s most prestige harbourside suburbs – MILSONS POINT
For Sale by on-site Auction at 10.30am Saturday 10 November 2018
