Property ID: 19922573
Raine and Horne Commercial in-conjunction with CMS real estate are please to bring to the market this two-level shop and residence located in a prime position on Crown Street.
The property is located in a sought-after position benefiting from high pedestrian and vehicle traffic that this location offers.
Being only 200m* from incoming Surry Hills Light Rail stop and the soon to be re-developed Surry Hills Shopping Village by Toga Group with Coles supermarket continuing occupying the ground floor tenancy, within a short distance of Central Station and Moore Park Showgrounds, multiple bus routes down Crown Street that connect to Central Station, the CBD and greater metropolitan Sydney.
Surry Hills has continued to be a highly demanded suburb with strong growth and affluent demographic.
Key Selling Points:
- Building area – 160 sqm (app)
- Land area – 80 sqm (app)
- First floor is a renovated one-bedroom apartment leased at $23,400 per annum
- Ground floor tenant is on a 3 + 3 year at $60,000 per annum + GST and Outgoings
- This is a fantastic entry point into the Sydney’s city fringe commercial property market or wonderful addition to your investment portfolio.
Inspection: By Appointment
Michael Buium – Raine and Horne Commercial
0408 385 385
Jacqueline Smith- Raine and Horne Commercial
0412 002 194
Nathan Pacer – CMS Real Estate
P: 9552 4333
M: 0428 233 893
|Building / Floor Area||160 sqm|
|Land Area||80.0 sqm|
|R&H Suburb SummaryHouses|
|Number of sales||130|
|Median Rental Price||$900 p.w.|
|Change in Rental Rate (5yr)||20 %|
|R&H Suburb SummaryUnits|
|Number of sales||267|
|Median Rental Price||$650 p.w.|
|Change in Rental Rate (5yr)||18 %|