IB. Property and Karbon Commercial are proud to offer the retail stratum of 267 Cleveland Street, for sale by expressions of interest "in one line" or "individual strata lots".
Just three kilometres from Sydney CBD, the property offers the astute investor a premium retail/commercial investment in the heart of Redfern, moments to Central Station and all that Surry Hills has to offer. It has a net lettable area of 1,130 sqm* and generates a net income of $818,377+GST per annum. The asset features basement parking for 4 cars and strong lease covenants with fixed annual increases. It is an outstanding investment opportunity.
Key Highlights
- Net lettable area 1,130sqm*
- Potential for an owner occupier to use a portion of the space for their business or re-lease. 553sqm* with the expansion of the government tenancy of a further 250sqm*
- Constructed and restored in 2016 with high-quality finishes and significant depreciation benefits
- Lease to Commonwealth of Australia and Speakeasy Group one of Australia's most sought after F & B Operators
- Massive exposure to thousands of cars everyday
- Benefits from fixed annual increases from all tenancies
- DA approval for restaurant use with significant infrastructure such as grease traps and exhaust, commercial office use and/or furniture showrooms
- Situated in the affluent suburb of Redfern
- Offers further subdivision advantages, with the ability to individually sell down each lot
- Residential conversions also available to each lot (STCA)
*approx.
EOI closing at 4:00pm on Wednesday 11th of September 2024.
For more information or to organise an inspection, please contact the exclusive selling agents:
IB. Property
Steffan Ippolito 0403 347 111
Karbon Commercial
James McCourt 0411 785 961
Charles Bowmer 0478 725 182
