Renewed 5 Year Lease to Established Tenant | Booming Surry Hills Location

517-527 Elizabeth Street , Surry Hills NSW

Property Highlights

Renewed lease to established tenant
Booming Surry Hills location
Wide frontage to busy Elizabeth Street

Description

Established tenant in prime location Surry Hills: soon to host Atlassian HQ + many other hi-tech businesses
Plus separate restaurant, just leased on 3 + 3 terms
280 sqm property area + parking space on title
Net leases – tenants pay all outgoings (as per lease)
Valuable depreciation allowances – 6 year old building

Renewed 5 year lease to 2025 5 year option to 2030
Net Income: $270,360 pa + GST

For Sale by Investment Portfolio Auction
Tuesday 23 February at 11am
Yallamundi Rooms, Sydney Opera House

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Building Area
280 SQM

Price

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