HYDE PARK RETAIL- 7 YEAR LEASE TO 2028 - SOLD AT AUCTION

New 7 year lease expiring 31/3/2028 to original tenant since 2011
Enormous 16 metre wide frontage
Wide enough for 2 retail tenants STCA (see the architect render)
Stunning views to Hyde Park
Net lease – tenant pays 100% outgoings as per lease
Attractive fixed annual increases each year
Strong lease security - Security deposit + Director guarantee
Net income $340,000 pa + GST (as at 1/4/2021)
Total tenancy area 254sqm approx
Approved for 92 people (56 people inside,36 people outside)
Sunny north aspect – sitting outside in the winter sun is delightful
Tenant trades 7 days/nights a week,
Valuable liquor license, approved outdoor coffee cart
High density area – thousands of residents/workers nearby
Seconds from Australia's biggest Law Courts
The Barristers,Police, Defendants are some of the tenants best customers

For Auction Tuesday 8th June, 2021 - contact agent for details
Please contact Andrew Vines 0423 108 880