Shop 1/469 Miller Street Cammeray NSW 2062

An outstanding opportunity to secure a prime retail investment in the heart of Cammeray Village.

Shop 1, 469 Miller Street offers a ground floor showroom with an 8-metre frontage in a high-traffic area, ensuring maximum visibility. Leased to Keiser Training since 2019, this property provides stability and income security with a lease extending until September 2026, and options to renew for an additional 4 years.

Located just 5 km from Sydney's CBD, Cammeray offers exceptional connectivity, making it an attractive location for businesses and investors alike. The property is secured by a 3-month bank guarantee, providing added assurance for the investor.

Key Property Features:
• Prime ground floor showroom with 8-metre frontage on Miller Street
• Leased to Keiser Training since 2019, providing stability and security
• Brand new lease extending until September 2026, with 2 x 2-year renewal options
• Annual rent increases of 3.5%, ensuring consistent income growth
• Net income of $133,089.36 + GST per annum
• 1 secure car space on title
• Conveniently located just 5 km from Sydney CBD with frequent bus services

This property is offered For Sale by auction on Tuesday, 24th September 2024, at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney NSW 2000.

Contact us today for more information or to arrange an inspection.