54/110 Swanson Street, Erskineville, NSW 2043

  • 70 sqm
  • 1

Sold

Sold for $1,170,000 (Jul 01, 2020)

AUCTION CANCELLED SOLD!

Fantastic Investment Opportunity Close To Everything

Located within Erskineville’s main hub of established retail and bustling café culture, this commercial restaurant property has a rare wide corner exposure. Set amongst the ever-expanding Erskineville area, this shop is currently leased by ‘’Naked Brew Café’’ which has a longstanding reputation by locals for great food and is always bustling with people in their cosy eatery.

• Located an easy 400m walk from Erskineville train station

• Retail floor space 70 sqm approx

• Store room area 60 sqm approx

• Car space 17 sqm approx

• Currently tenanted by ‘’Naked Brew Café’’ on a 5 year lease period ending 24 May 2024 – option to extend for 5 years thereafter.

• Lease agreement of $62,826.10 per annum + GST. Rent paid monthly in advance (rental review of 3% annually).

OUTGOINGS:

• Council Rates $1,075.20 p/a approx.

• Strata Levies $ 7,230.40 p/a approx.

• Water Rates $1,498.52 p/a approx. (paid by tenant-water rates, water usage and grease trap cleaning/maintenance)

• Admin fee $3,521.40 p/a approx.

View and inspect by appointment or by visiting the premises itself for a great cup of coffee or light meal.

For further info call: Michael Chidiac 0430 03 03 03, 9764 4777 or Mark Porcellato 0408 001 929

Parking Bays1
Outgoings$11,827.00 per annum
TenantedYes
Property Info:
  • Property ID: L1496472
  • Property Type: Retail
  • Building / Floor Area: 70 sqm
  • Car Spaces: 1
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R&H Suburb Profile: Erskineville

R&H Suburb Summary Houses
Number of sales 61
Average Price $1,498,213
Median Price $1,480,000
Median Rental Price $790 p.w.
Change in Rental Rate (5yr) 10 %
R&H Suburb Summary Units
Number of sales 96
Average Price $957,801
Median Price $937,000
Median Rental Price $650 p.w.
Change in Rental Rate (5yr) 13 %
Erskineville, NSW - Median Trend
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