16 Earl Place is a well-appointed fitness studio positioned on the ground floor of a well-maintained mixed-use building. The premises is immaculately presented, having undergone a major ground-up renovation in 2020.
With a strong lease in place the space is ideal for an astute investor looking to capitalise on the current income.
16 Earl Place has a modern and minimalistic feel, with polished concrete floors and original sandstone walls with a separate inbuilt studio room within the premises which is perfectly designed for fitness operators.
The current tenant "The Jam Movement" is a popular cycle studio which has been operating since 2020 and has become an integral part of the Potts Point fabric.
Whether you are an investor or looking to purchase in your self-managed super fund, this investment offers endless opportunity.
Located amongst the richness and diversity of Potts Point, a suburb with a renowned hospitality precinct and lifestyle flair. Potts Point truly encapsulates Sydney inner city living.
The densely populated district has continued to grow over recent years due to its regentrification and upmarket, international feel.
The suburb is well-connected and sits just East of the Sydney CBD. Public transport is easily accessible via the train and bus network, and Sydney's Eastern suburbs is a short drive away.
Lease Summary
3 year lease + 2 x 3 year options
3% annual increases
Net income: $89,990 per annum
Zorick Toltsan - 0411 22 77 84 - Ray White Commercial - DB
Dillon Frain - 0416 867 155 - Mercer Property
