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164-166 Redfern Street, Redfern, NSW 2016

164-166 Redfern Street, Redfern, NSW 2016

Offices Retail Medical/Consulting

  • Sold $4,100,000
  • Wed 21-Feb-18

  • Floor Area
  • 235 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 24, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Darren Beehag
Simon Staddon

CBA - Rare Inner City Freehold Gem Densely Populated High Growth Hotspot

10 year Commonwealth Bank lease to December 2020 + options to 2030
Australia’s largest company by capitalisation with $9.9bn profit in 2017
Prime corner double fronted two storey freehold building
CBA relocated from a longstanding position across the road to subject premises in 2010 having undertaken a major refurbishment
Tightly held retail & commercial precinct boasting high occupancy
Gentrifying inner city highly populated location just 3 km from CBD
Adjacent to Post Office & short walk to Redfern Train Station
3 ATM’s is testament to the high foot traffic & patronage of this branch
Net lease with CBA paying all outgoings, as per lease
Guaranteed fixed 4% annual rent increases assuring future growth
Easily managed single tenant investment for interstate & overseas investors
Net Income: $161,960 pa + GST

164-166 Redfern Street, Redfern, NSW 2016

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