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Shop for sale on Pitt Street (Sydney CBD)

Great and rare opportunity: buy this shop and get a net return of 7.5%

 …

SOLD

PROPERTY ADDRESS Shop 9, 109 Pitt Street, Sydney
LEASE EPITOME
TENANT: The Lab Cafe
PROPERTY:
LEASE TERMS:
Commencing: 1 January 2011
Terminating: 31 December 2015
Years: 4 years
Option: 5 years
Next Review:
Increases: CPI
Next Market Review:
Bank Guarantee: 3 Months
Shop No: 9
Location: 109 Pitt Street
Lot No: 10/SP67754
Unit Entitlement: 455110000
Area (sqm) (as per S/Plan) 19
INCOME
Annual Rent 92,685$
Outgoings 8,679$
Gross Rent 101,364$
Less:
Outgoings
Council Rates 3,170$
Water Rates 690$
Strata Levies 4,819$
Land Tax* -$
Total Outgoings 8,679$
NET INCOME 92,685$
* Calculated on a single holding basis.
 Whilst all care has been taken to ensure the accuracy in the preparation of the above particulars, no warranty can be given and interested parties must rely on their own enquiries. The above information does not form part of any contract