745-747 South Dowling Street Redfern NSW 2016

Colliers International in conjunction with McGees Property exclusively offer 745-747 South Dowling Street, Redfern for sale.

Strategically positioned, this prominent corner freehold and approved boarding house leverages off billions of dollars of surrounding infrastructure projects in the immediate proximity, including Sydneys new Light Rail, Surry Hills Shopping Village, the Entertainment Quarter and the Sydney Football Stadium redevelopment.

745-747 South Dowling Street offers the following key attributes:
Registered boarding house configured for 23 rooms (21 private bathrooms and 2 with shared bathrooms)
Large common areas and exceptional amenities for each room
Freehold interest over 2 titles
Land Area: 379 m² approx.
Metres from the new Light Rail line
Strategic location linking the Eastern Suburbs, South Sydney and the Sydney CBD
Moments to Education Precinct and world class entertainment amenities
Offered with Lease and termination clause (6 months notice).
5 years lease (Options 3 x 5 year) to established accommodation group
Income $435,000 per annum net with 3% increases
Bank Guarantee of 6 months net rent ($239,250 GST incl.)

The property will be offered with a flexible operating structure which will be an initial lease of five years with 3 x 5-year options with an initial return of $435,000 net. The structure will also incorporate a termination clause allowing owner operators the opportunity to take the keys and maximise cash flow.

For further details, please contact Miron Solomons, Matt Pontey or Nick Lumley of Colliers International or John Grujovski of McGees Property.

*approx.