Shop 3 / 506 Miller Street,
Cammeray, NSW 2062

Shops & Retail

Key property information

Floor area

Car spaces

Parking info

Property extent

Municipality

Tenure type

Sold on

Map of Shop 3 / 506 Miller Street

Directions

POPULAR THAI RESTAURANT INVESTMENT WITH 23m RETAIL FRONTAGE

Popular Cammeray Investment
New 5 + 5 year Lease
Sensational existing fit out

CI Australia is delighted to offer Shop 3, 506 Miller Street, Cammeray For Sale by private treaty.

Shop 3, 506 Miller Street, Cammeray is a prime retail strata investment located in a sought after and tightly held retail strip. Even amidst a pandemic the Miller Street retail strip has zero vacancy. The shopping strip comprises 40 shops all of which are tenanted.

Shop 3, 506 Miller Street is a prime retail shop occupied by Papaya Cammeray, a popular Thai restaurant that has been a much-loved Cammeray institution for over a decade. Papaya is open for lunch and dinner 7 days a week.

Key selling features:
• Located in the heart of the thriving Miller Street village
• New 5 + 5 year lease
• 179sqm + 2 car spaces
• 10m double retail frontage to Miller Street
• Corner position adjacent a pedestrian link
• Exceptional fit out
• Net Income: $140,000 + GST approx.
• Fixed Increases
• Bank and personal guarantees
• 50m to council car park
• Access to grease trap and exhaust

This opportunity is the perfect care-free investment for both passive and SMSF investors.

For more information or to arrange a one-on-one inspection please contact Nick Lowry from CI Australia on 0408 891 376.

Cammeray, 2062 demographic data

The median household income for Cammeray is $2,870, 38% higher than Greater Sydney's household income of $2,077. Cammeray has an older age profile compared to the rest of Greater Sydney (median age 40 vs 37). Property ownership data shows 48% of property owners in Cammeray have a mortgage.

7,088

Population

$2,870 per week

Median household income

40 years

Median age

Owners

Most residents

Families

Most households