Shop, 1/118 Alfred Street,
Milsons Point, NSW 2061
Shops & Retail
Price information
Sold
$1,290,000
Key property information
Floor area
Property extent
Tenure type
Sold on
Map of Shop, 1/118 Alfred Street
NEW 5 YEAR LEASE + 5 YEAR OPTION
- NET LEASE STRUCTURE
- TENANT PAYS ALL OUTGOINGS
- LONG TERM LEASE
Fitted out with high quality restaurant finishes, approved plans for additional outdoor seating, ambient screening and awning alterations, Shop 1.118 Alfred Street is a well presented, ideally located, long term invest opportunity. The property is placed across 173sqm of strata title area, inclusive of outdoor balcony space, within a mixed use residential development completed in June 2009.
Investment features:
- AREA: 173sqm
- TENANT: Em Nabil’s Lebanese Kitchen
- TERM: 5 years + 5 year option (commencing 01.11.15)
- SECURITY: 3 months cash bond & personal guarantees
- INCOME: $93,000 + GST p.a.
- OUTGOINGS: 100% Payable by tenant including land tax
- UPSIDE: 4% initial annual increases and 5% annual increases during option period
Situated on the corner of Alfred & Lavender Street in Milsons Point, almost directly opposite the entrance to Milsons Point Station, Shop 1.118 Alfred Street takes advantage of passing traffic whilst housing an authentic Lebanese restaurant on a long term lease. Generating 80% of its income from its accompanying catering business and commonly busy during night time trade and weekends, Em Nabil’s has been noted as a locals favourite as seen by the tenant’s reviews online.
Investment features:
- AREA: 173sqm
- TENANT: Em Nabil’s Lebanese Kitchen
- TERM: 5 years + 5 year option (commencing 01.11.15)
- SECURITY: 3 months cash bond & personal guarantees
- INCOME: $93,000 + GST p.a.
- OUTGOINGS: 100% Payable by tenant including land tax
- UPSIDE: 4% initial annual increases and 5% annual increases during option period
Situated on the corner of Alfred & Lavender Street in Milsons Point, almost directly opposite the entrance to Milsons Point Station, Shop 1.118 Alfred Street takes advantage of passing traffic whilst housing an authentic Lebanese restaurant on a long term lease. Generating 80% of its income from its accompanying catering business and commonly busy during night time trade and weekends, Em Nabil’s has been noted as a locals favourite as seen by the tenant’s reviews online.
Property ID: 501987510Last Updated: 4 Sep 2016
04775451...
Shop, 1/118 Alfred Street
Milsons Point, NSW 2061
Raine & Horne Commercial - North SydneyLevel 3, 104 Mount Street
NORTH SYDNEY, NSW 2060
NORTH SYDNEY, NSW 2060
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