Affordable Inner-West Sydney Investment | High Traffic Location at St Peters Station Entry
Description
Burgess Rawson from CBRE is pleased to offer to the market this affordable Inner-West Sydney investment at 6/641–647 King Street, St Peters NSW for sale via Auction.
This opportunity has the following key investment highlights:
+ New 5 year lease to 2030 plus further option to 2035
+ Landlord friendly net lease, tenant responsible for 100% of outgoings as per lease
+ Attractive rent reviews with fixed 4% annual increases, ensuring strong rental growth
+ High pedestrian traffic exposure at entry to St Peters train station – servicing 1,400+ commuters during peak hour
+ Dulcet: established patisserie brand with a proven track record
+ Recently constructed mixed-use development completed 2021*
+ St Peters: popular Inner-West suburb with LGA supporting 195,000+ population
+ Net Income $116,895 pa* + GST
To be sold by Auction at Auctionworks
10:30am AEDT, Tuesday 28 October
Mezzanine Level/50 Margaret St, Sydney NSW 2000
Please contact the exclusively appointed sales team for more information.
*Approx
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Contact agents
Kieran Bourke Partner
0417 418 007
Flynn McFall Sales Executive
0481 187 191Enquiry Form
St Peters, NSW
6/641-647 King Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 180