Shop 2/379 Kent Street SYDNEY, NSW 2000

This ground level retail shop is located on Kent street between Market and King Street close to Cockle Bay, Queen Victoria Building and Pitt Street Mall. It has a strata area of 85 sqm and is leased as a convenient store. The current lease will expire on 31 July 2013, the tenant has an option to renew the lease for a further 5 years. The current rent is $71,165 per annum + GST. It will be increased to $74,011.60 per annum + GST from 31 July 2012. This is an excellent opportunity for retail property investors looking for a steady income stream in Sydney's CBD. Estimate Outgoings per annum: Strata levies $6,492 Council rates $1,675 Water rates $760 Auction
Co-agent: Ray White City South Raymond Hung on 0419 223 895 or 02 9289 8908 rhung@raywhitecitysouth.com.au