This ground level retail shop is located on Kent street between Market and King Street close to Cockle Bay, Queen Victoria Building and Pitt Street Mall. It has a strata area of 85 sqm and is leased as a convenient store. The current lease will expire on 31 July 2013, the tenant has an option to renew the lease for a further 5 years. The current rent is $71,165 per annum + GST. It will be increased to $74,011.60 per annum + GST from 31 July 2012. This is an excellent opportunity for retail property investors looking for a steady income stream in Sydney’s CBD. Estimate Outgoings per annum: Strata levies $6,492 Council rates $1,675 Water rates $760 Auction
Co-agent: Ray White City South Raymond Hung on 0419 223 895 or 02 9289 8908 rhung@raywhitecitysouth.com.au