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SOLD BY NICK MOLONEY 0477 545 111

27 Mars Road, LANE COVE NSW, 2066

Sold

Property Sold in 27 Mars Road, LANE COVE NSW, 2066

Raine & Horne Commercial North Sydney

Ground Floor, 124 Walker Street, North Sydney, NSW 2060

Listing ID:
11361734
Status:
Sold
Price:
Price Upon Application
Last Updated:
18/11/2019
Icon building

Property Type

Offices/Retail
Icon square

Land Area

N/A
Icon size

Floor Area

106 SQM
Icon parking

Parking

2

SOLD BY NICK MOLONEY 0477 545 111

Situated within the Lane Cove business district, is this tenanted investment opportunity perfect for any savvy investor. The shop is flooded in natural light having double height, floor to ceiling windows on two separate sides, adding to the overall high-quality fit-out and presentation of the shop. Consisting of an internal area of 106sqm with 2 car spaces on title and an exclusive 46sqm loading bay area, open area / dinning and seating, food preparation / service area, large prep area and cool room as well as internal bathrooms. Underpinned by a Multinational covenant, exceptionally attractive lease structure. topped of by a sensational piece of real estate, this investment will not be around for long.

- TENANT: Subway Realty Pty Ltd
- TERM: 5 + 5 + 5 years
- COMMENCEMENT: 01/09/2017
- GROSS INCOME: $52,637.28 p.a. + GST + Outgoings
- OUTGOINGS: 100% payable by the tenant + Land Tax
- NET INCOME: $52,637.28 p.a. + GST
- UPSIDE: 4% annual increases

Servicing the immediate industrial clientele, with limited competition from surrounding amenities and operators, G1.27 Mars Road is secured by an exceptionally profitable business that is in high demand from its local business residences.

OPEN FOR INSPECTION TIMES: WEDNESDAYS & SATURDAYS - 1:55pm - 2:25pm

For sale via Private Treaty

For any further information, to obtain an Information Memorandum, please do not hesitate to contact Nick Moloney - 0477 545 111

For more details, please email agent

Raine & Horne Commercial North Sydney

Ground Floor, 124 Walker Street, North Sydney, NSW 2060


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