CBRE, as the exclusive sales agent, is pleased to present to the market, Shop 1, 241-247 Crown Street, Darlinghurst. Boasting a commanding presence on one of Sydney's busiest retail corridor, the space is occupied by a well renown national tenant - Grill'd Burgers, who have been operating in the premises since 2010.
Shop 1, 241-247 Crown Street, Darlinghurst benefits from the following key attributes:
- Appealing inner-city retail investment on a long term 8 + 8 + 8 year lease to 2042
- Occupied by Grill'd, a nation-wide successful business model since 2004 with over 150+ stores in Australia
- $196,369.73* net income
- Strong projected rental growth with 4% fixed annual reviews
- Substantial 241sqm* shop space with an additional 15sqm* car space on title
- Fully equipped commercial kitchen with grease trap, exhaust, bar counter and liquor licence
- Well presented ground floor retail premises within a 4 storey development
- Easily managed single tenant investment
- Main retail strip and pedestrian thoroughfare provides excellent foot traffic and vehicle exposure
- Situated in proximity to Taylor Square and multiple ongoing developments such as Oxford & Foley + Soho House
- Located in the heart of Darlinghurst's cosmopolitan dining/entertainment precinct
- Centrally located in Darlinghurst, close to several bus stops & just a 5 minute* drive to Central Station
Shop 1, 241-247 Crown Street, Darlinghurst will be offered for sale at CBRE's National Auction Series on Wednesday, 21st of August, 2024 from 10:30am onwards - Level 29, 177 Pacific Highway, North Sydney.
For more information or to request access to the due diligence room, please contact the exclusive sales agent.
*Approx
