SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Renewed Leased Term – Creative Art Studio Investment

Lot 86, 3 Mungo Place, Summer Hill NSW

Property Highlights

Desirable Summer Hill Location
Fixed 4% Annual Rent Increases
Net Income $43,815 pa* + GST
Register to Bid

Description

Burgess Rawson is pleased to present Paper Rock Scissors, Summer Hill to the market for sale via Investment Portfolio Auction 158.

The investment has the following key investment highlights:

+ Renewed lease term to December 2026 plus option
+ Paper Rock Scissors Art Studios: High performing Sydney creative retailer with an established customer base and additional locations, offering after school programs, high school art classes, birthday parties, holiday workshops, wine & cheese and art, and much more***
+ Fixed 3% increases insuring strong rental growth
+ Minimal management required, easy single tenant investment
+ Summer Hill: prestigious Inner-West suburb 7km from Sydney CBD, 850m* walk to the Summer Hill train station and within proximity to Woolworths anchored and Abacus & ISPT owned Ashfield Mall comprising of 24,791 sqm of retail and 5 levels of parking for 1,070 vehicles****
+ Benefiting from the Summer Hill Flour Mill community with 3,000+* commuters passing through daily, 7,311 residents* and the Flour Mill Summer Hill markets occurring every first and third Sunday of the month*****
+ Family oriented community supported by 850+ dwellings in the immediate area and above, and access to Sydney’s Inner-West population of 183,000+ people**
+ Net Income: $43,815 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 21 February 2023
Yallamundi Rooms, Sydney Opera House

A further 3 Summer Hill investments are also available.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approximately
**Inner-West Council
***Paperrockscissors.com.au
****ISPT
*****summerhillflourmill.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1 SQM
Building Area
67 SQM

Price

Contact Agent

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights