Shop for sale on Pitt Street (Sydney CBD)
Great and rare opportunity: buy this shop and get a net return of 7.5%
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SOLD
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| 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 |