265 Castlereagh Street

Level Ground Floor, 265 Castlereagh Street, Sydney 2000

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LEASED SOLD
  • Level Ground Floor
  • Suite Shop 1
  • Area m2 20m2
  • Sale Price $684,000
  • Method of Sale For Sale
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Property for Sale

The retail premises is a 20 square meter shop close to the law courts. It is currently leased out to a convenience store with net rental income of $45,490 (approx) + GST. Leasing information:
  • Lease will be renewed in September  2018 with another 5 year option
  • 5% rental increase every year. Market review for the option after 3 years
  • The premises is very easy to be leased
  • Stable long term tenant who has been in the premises for 7 years
Outgoings:
  • Strata Levy:  $1,117.25
  • Council rates: $261.70
  • Water rates: $62.50
(per quarter approx.) 6% net return 

Location

The commercial office property in Sydney CBD is located close to World Square, Hyde Park and Chinatown, in the centre of the legal precinct opposite the Downing Centre, between Liverpool and Goulburn Streets.

Museum station’s entrance is located directly across the road on the corner of the Downing Centre with both Central and Town Hall Stations in Sydney CBD within a five minute walk.

The commercial building has two entry points, direct access from Castlereagh Street and 370 Pitt Street through Chambers Arcade.

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