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Lot 74/47-49 Chippen Street
Chippendale NSW 2008
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Lot 74/47-49 Chippen Street Chippendale NSW 2008

  • Shop & Retail
  • 196 m²
  • Expressions of Interest

Strategic 7% High-Yielding Investment Opportunity

  • Essential - Serviced Apartment Operators
  • Retain existing tenant or occupy
  • Last chance to secure a strong yield

Situated in the vibrant heart of Chippendale, 47-49 Chippen St offers a unique investment opportunity just minutes from the CBD. This bustling area is known for its thriving cultural scene, top-tier dining options, and exceptional connectivity, with Redfern Station only a 500m walk away and Central Train and Metro Station just 750m away. These convenient transport links make Chippendale a highly desirable location for serviced apartments, attracting guests who value ease of access to Sydney's central and surrounding areas.

This high-yielding strata property, currently occupied by NESUTO as a sub-tenant until 2028, offers a rare chance to own the essential spaces critical to a successful serviced apartment operation.

As the exclusive owner, you hold the operational backbone of this high-demand property with 196 sqm of essential space:
Reception and Office: 28 sqm
Storage Areas for Cleaners (across all floors): 78 sqm
Loading Dock (internal and external): 52 sqm
Laundry Room: 24 sqm
Car Space: 14 sqm
Total Strata Area: 196 sqm

Post-lease, you'll be in a prime position to either re-sign with the existing tenant, OCCUPY YOURSELF or bring in a new operator, as access to these essential areas is required to run the serviced apartment business. This exclusive control offers significant leverage to maximize income potential.

Financial Summary:
Net Rent: $40,314.20 net + GST per annum from 1 February 2025
Lease Term: 5 years, 1 month, and 1 day (ending 1 March 2028)
Options: No further options
Annual Increases: 3% annually
Security: 3-month bank guarantee
Outgoings: All outgoings paid by tenant

Key Features:
High-yield investment: Secure a solid 7% net return
Exclusive control: Ownership of essential spaces integral to serviced apartment operations (196 sqm total)
Strategic future options: Retain the existing sub-tenant or bring in a new operator post-2028, leveraging exclusive ownership of essential areas
Prime tenant: Currently occupied by NESUTO as sub-tenant: Leading hotel and apartment hotel operator
High-value common areas: Includes access to a large rooftop, a gym with a sauna, adding appeal to serviced apartment guests and enhancing property value

Seize this unparalleled opportunity in a rapidly growing area to make a sound, high-yielding investment with strong future potential.

Expressions of Interest closes Thursday, 5 December 2024 at 4pm.

Please contact PropertyFox's agent Lachlan Worthington on 0421 777 889 to discuss in more details or to organise an inspection.

EXPRESSION OF INTEREST

Closing date and time05/12/2024 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
PropertyFox
PropertyFox
Suite 8.03, Level 8, 14 Martin Place
Sydney, NSW 2000

Property Highlights

Floor Area196 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019607758
Category
Last updated  7 Nov 2024
Map for Lot 74/47-49 Chippen Street Chippendale NSW 2008

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PropertyFox
PropertyFox
Suite 8.03, Level 8, 14 Martin Place
Sydney, NSW 2000

Property Highlights

Floor Area196 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019607758
Category
Last updated  7 Nov 2024

More about Lot 74/47-49 Chippen Street Chippendale NSW 2008

Lot 74/47-49 Chippen Street Chippendale NSW 2008 is categorized as Shop & Retail Property. It has a floor area of 196 m². There are 1 x onsite parkings.The listing ID for this property is 2019607758.

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