Trophy Retail Investment. Martin Place Precinct.
- Type of sale |
Securely Leased to 2025 + Options, 4% pa Rent Increases
350 George Street is a magnificently refurbished heritage building.
Long term lease expiring 2025 plus options to 2035.
Leased to well established and renowned Mercado Restaurant.
Strong trading location in exclusive CBD laneway precinct behind George Street.
Moments from the future $1billion Wynyard Station redevelopment and Louis Vuitton and Burberry Flagship stores.
Surrounded by some of Australia's leading hospitality brands/restaurants , Merivale, IVY and Felix.
7 day/night entertainment precinct with direct access from Martin Place.
International class fitout, $1,400,000 invested by tenant.
Attractive 4% annual rent increases.
21 ultra valuable basement storage lots on separate titles included in lease to tenant.
Net Income: $255,300 pa + GST.
- Land area |
- 275m² approx.
- Building area |
- Tenant |
- Mercado Restaurant
- Keywords |