Shop 7P, 74 Mountain Street,
Ultimo, NSW 2007
Shops & Retail • Offices
Key property information
Floor area
Sold on
Map of Shop 7P, 74 Mountain Street
LEASE TO MARCH 2025 + OPTION TO 2031 - DEPOSIT TAKEN - UNDER OFFER
- Leased to March 2025 + Option
- Adjacent 90sqm sold for $1,410,000 4/18
- High Density Area - Tens Of Thousands
New 6 + 6 Year Lease to well established tenant
Wide retail frontage of approximately 7.5 metres
Tenant has been trading strongly at site for over 5 years
New lease commenced on 1 April 2019
Successful tenant providing high quality food in booming area
Thousands of units and student accommodation rooms in immediate area
University Technology, Notre Dame,Torrens University,TAFE - seconds away
Ultimo is one of Australia's most densely populated areas and growing'
7 day and night trading location
Full kitchen with mechanical ventilation and grease trap
Undercover carparking space included in lease on separate title
Thousands of office workers and many of these are loyal customers
An adjacent 90sqm sold in April 2018 for $1,410,000
This restaurant price guide of $1,100,000 for 145sqm is exceptional value
Net income: $48,956 pa + GST
DEPOSIT TAKEN , NOW UNDER OFFER
Wide retail frontage of approximately 7.5 metres
Tenant has been trading strongly at site for over 5 years
New lease commenced on 1 April 2019
Successful tenant providing high quality food in booming area
Thousands of units and student accommodation rooms in immediate area
University Technology, Notre Dame,Torrens University,TAFE - seconds away
Ultimo is one of Australia's most densely populated areas and growing'
7 day and night trading location
Full kitchen with mechanical ventilation and grease trap
Undercover carparking space included in lease on separate title
Thousands of office workers and many of these are loyal customers
An adjacent 90sqm sold in April 2018 for $1,410,000
This restaurant price guide of $1,100,000 for 145sqm is exceptional value
Net income: $48,956 pa + GST
DEPOSIT TAKEN , NOW UNDER OFFER
Ultimo, 2007 demographic data
The median household income for Ultimo is $1,805, 13% lower than Greater Sydney's household income of $2,077. Ultimo has a younger age profile compared to the rest of Greater Sydney (median age 30 vs 37). Property ownership data shows 47% of property owners in Ultimo have a mortgage.
7,410
Population
$1,805 per week
Median household income
30 years
Median age
Renters
Most residents
Families
Most households
04231088...
Shop 7P, 74 Mountain Street
Ultimo, NSW 2007
Retail Commercial Consultancy - SYDNEY3/60 Martin Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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