163 Norton Street Leichhardt NSW 2040

A precious opportunity to acquire this mixed-use freehold property with immediate secure income and future development upside. Strategically located at the busiest intersection in Leichhardt's commercial precinct, the property benefits from incredible vehicular and foot traffic 7 days a week in this popular Inner West suburb. Currently leased to a prominent licensed Italian restaurant, trading for over 15 years.

> 315sqm building area across two levels with On Premise Liquor Licence (Primary Service Authorisation)
> Strategically located in Norton Street precinct, one of Australia's 3 'Little Italy' Heritages
> Secure rental income leased to a prominent licensed Italian restaurant 'Aperitivo' which has been trading for over 15 years, on a secure 5 + 5 + 5 year lease with a rental of $144,200 per annum gross plus GST
> 100% of Council Rates, Water Usage, Water Sewage and Drainage & Trade Waste Collection paid by the tenant
> CPI Increase and Market Review at option
> Strategic position and prime location in the heart of Norton Street and surrounded by popular neighbours: Bar Italia, The Royal Leichhardt, Mezzapica Café & Cakes, Café Jolly, Chemist Warehouse, Australia Post, Leichhardt Town Hall and Palace Cinemas

*All amounts, areas and distances are approximate

Auction Details:
For Sale by Auction on Tuesday, 9th July 2024
In Rooms & Online, 50 Margaret Street, Sydney NSW 2000