Park Regis, Shop 6/27 Park Street,
Sydney, NSW 2000
Shops & Retail
Price information
Sale
$1,850,000
Key property information
Land area
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of Park Regis, Shop 6/27 Park Street
Train stations within 5 km of Park Regis, Shop 6/27 Park Street, Sydney, NSW 2000 Distance Town Hall Station 159 m St James Station 299 m Museum Station 365 m Martin Place Station 662 m Capitol Square Light Rail Station 765 m POWERED BY HERE ©Tram stops within 5 km of Park Regis, Shop 6/27 Park Street, Sydney, NSW 2000 Distance Capitol Square Light Rail Station 765 m Paddy's Markets Light Rail Station 882 m Exhibition Light Rail Station 936 m Convention Light Rail Station 989 m Central Station Light Rail 1 km POWERED BY HERE ©Bus stops within 5 km of Park Regis, Shop 6/27 Park Street, Sydney, NSW 2000 Distance Castlereagh St Before Bathurst St 70 m Hyde Park, Elizabeth St, Stand A 94 m Sheraton on the Park, Elizabeth St 161 m Museum Station, Elizabeth St, Stand D 180 m Sheraton Grand Sydney Hyde Park 200 m POWERED BY HERE ©
POWERED BY HERE ©
PRIME CBD RETAIL INVESTMENT WITH A NEW 5+5 YEAR LEASE!
Noonan Property Sydney are pleased to offer for sale Shop 6, Park Regis, 27 Park Street, Sydney.
This sale represents an outstanding opportunity to acquire a quality and versatile retail investment property in the heart of Sydney's thriving midtown precinct near Martin Place, Town Hall and Hyde Park. Importantly, this property is also positioned directly opposite the highly anticipated Gadigal Station (formerly Pitt Street Metro Station) development, which is scheduled to open in 2024. This substantial development will significantly increase foot traffic in the area once completed.
The property is offered with a new 5+5 year lease to a popular food and beverage business trading as H & H Coffee. The business retails hot and cold drinks, fresh sandwiches, wraps, rolls and an assortment of pastries. Passing rental income is $111,136.56 per annum and the lease also incorporates fixed 4% annual rental increases, two Personal Guarantees and a Bank Guarantee equivalent to 3 months rental ($30,562.55), which reinforces the strength of the tenancy.
The property comprises 31.4 sqm and forms part of the Park Regis development, a large 45-storey residential, hotel and retail building. A key feature includes the property's prime ground floor positioning with direct frontage to Park Street and an endless volume of pedestrian traffic. The premises are well presented with a functional fitout, excellent signage, high ceilings and water connectivity. The property's positioning benefits from substantial pedestrian foot traffic 24 hours per day from a mixture of nearby residents, hotel patrons and office workers in the immediate area.
The property's prime location at the junction of Castlereagh Street, Pitt Street and Park Street is exceptional, particularly in terms of its proximity to an array of designer and boutique shopping retailers, world-class restaurants and bars, sightseeing and iconic entertainment venues. This superb location will underpin the property's future income and investment potential.
The sale of this quality retail property is an exciting and compelling investment opportunity and we look forward to servicing your enquiries.
Tim Noonan
M: 0416 286 1...
E: tim@noonanproperty.com.au
This sale represents an outstanding opportunity to acquire a quality and versatile retail investment property in the heart of Sydney's thriving midtown precinct near Martin Place, Town Hall and Hyde Park. Importantly, this property is also positioned directly opposite the highly anticipated Gadigal Station (formerly Pitt Street Metro Station) development, which is scheduled to open in 2024. This substantial development will significantly increase foot traffic in the area once completed.
The property is offered with a new 5+5 year lease to a popular food and beverage business trading as H & H Coffee. The business retails hot and cold drinks, fresh sandwiches, wraps, rolls and an assortment of pastries. Passing rental income is $111,136.56 per annum and the lease also incorporates fixed 4% annual rental increases, two Personal Guarantees and a Bank Guarantee equivalent to 3 months rental ($30,562.55), which reinforces the strength of the tenancy.
The property comprises 31.4 sqm and forms part of the Park Regis development, a large 45-storey residential, hotel and retail building. A key feature includes the property's prime ground floor positioning with direct frontage to Park Street and an endless volume of pedestrian traffic. The premises are well presented with a functional fitout, excellent signage, high ceilings and water connectivity. The property's positioning benefits from substantial pedestrian foot traffic 24 hours per day from a mixture of nearby residents, hotel patrons and office workers in the immediate area.
The property's prime location at the junction of Castlereagh Street, Pitt Street and Park Street is exceptional, particularly in terms of its proximity to an array of designer and boutique shopping retailers, world-class restaurants and bars, sightseeing and iconic entertainment venues. This superb location will underpin the property's future income and investment potential.
The sale of this quality retail property is an exciting and compelling investment opportunity and we look forward to servicing your enquiries.
Tim Noonan
M: 0416 286 1...
E: tim@noonanproperty.com.au
Property ID: 504502596Last Updated: 30 Apr 2024
0416 286 1...
Park Regis, Shop 6/27 Park Street
Sydney, NSW 2000
Noonan Property - SydneySuite 19, Level 7, 44 Bridge Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Please contact agent
27-33 Goulburn Street,Haymarket, NSW 2000 1694 m²Shops & Retail • Hotel, Motel & Leisure