283 Australia Street, Newtown

This is a unit on a lot in 1/DP222206 Newtown NSW. The local government is Inner West, with 0 bedrooms and 0 bathrooms.

ABOUT THE PROPERTY

Bedrooms
0
Bathrooms
0
Car spaces
0
Land size
101 m2
Building size
100 m2
Council area
Inner West
Year built
n/a
Lot plan
1/DP222206 Newtown NSW
House type
Commercial: Retail Building



HISTORY

Last sold 25/09/2019
$2,285,000



LISTING DESCRIPTION
as of December 2019

LONG TERM RETAIL INVESTMENT Operating as a Caf Restaurant over 3 levels for over 11 years. Current rent $118,000 + GST pa. This is an exceptional property having 3 frontages. Currently leased on a 5 year lease with annual rental increases of 3%. This property is completely setup as restaurant, features; full commercial kitchen, grease trap, exhaust ducting, extractors, polished timber floors, high ceilings, air conditioning and down lights. What more could you ask for. This is a rare chance to secure a fully leased retail property in this tightly held retail/residential precinct.