PRIC REDUCTIONS - 5.2% Net yield
Shop 4/81A Foveaux St Surry Hills
THE X FACTORS ARE
/ Fixed 4% annual increases
/ 10 year lease
/ Estimated Net income $322,372+GST approx.
X MARKS THE SPOT
X Commercial is please to bring this last investment shop for sale in this sought sort after development. Shops 1 to 3 have been sold with strong demand from investors. 81 Foveaux Street, Surry Hills is a stunning development featuring 53 residential apartments and 4 retail shops. Architecture is by leading architects SJB with interiors by BKH.
Surry Hills has long been one of Sydney's highest growth commercial precincts with a changing demographic of young urban hipsters taking advantage of all the suburb has to offer. Some of Australia's leading Restauranteurs have opened in this cutting edge designer village.
The infrastructure boom alone is eye popping, with a billion dollar redevelopment of Central Station, the planned Metro rail station and Atlassian HQ not to mention the recently opened Light Rail from Circular Quay to Randwick / Kennington. In addition, the HQ of Safety Culture is under construction and the ever increasing foot hold of Canva are ensuring there are plenty of workers and foot traffic past this site to promote its future success.
THE KEY X FACTORS
/10 year lease + 5 + 5 year options
/Own escalator and lift
/Brand new high quality fitout
/High exposure position
/2 Basement parking
/Fixed 4% annual increases
/Estimated Net income $322, 372 + GST approx.
For more information or to organise an inspection, please contact the listing agent
0450 764 788