119 King Street Sydney

X Commercial is delighted to offer for your consideration 119 King Street, Sydney to be offered for sale by Public Auction.

This is an exciting retail investment opportunity underpinned by a lease to the Australian subsidiary of global conglomerate - Chopard. Chopard operates a global network of over 100 boutiques, offering a range of luxury watches and jewellery, supported by an extensive network of authorised retailers worldwide.

Positioned in a premier retail location, adjacent to Pitt Street Mall, the property is situated in the heart of Sydney's luxury fashion precinct.

The property benefits from a whole building lease to Chopard expiring in December 2031 which includes fixed annual rental increases.

Situated over five levels, the property offers three levels dedicated to retail sales, one level of staff amenity and an executive level.

Property Highlights

Property is situated at the epicentre of Sydney's famous luxury fashion boutique precinct, adjacent to Pitt Street Mall Close to all public transport infrastructure including rail, metro, light rail and bus Occupied by a single tenant (Chopard) on a lease to December 2031 Current passing net income of $778,422 Fixed annual rental increases