423 Cleveland St, Redfern

423 Cleveland St, Redfern

  • Approx 113 Square metres

Ideal Investment I Prime Commercial Freehold

Located on the bustling Cleveland Street, interconnecting from the City to the Eastern Suburbs, this prime two storey commercial freehold property offers an outstanding investment on the City fringe.

Featuring:

* Existing tenancy consists of ground floor commercial shop, currently operating as a restaurant
* Plus 3 separate tenancies upstairs consisting of 2 x studio units + 1 x 2 bedroom unit (currently one studio unit is vacant, previously leased at $280/week)
* Rear lane access
* Income of approx. $86,438 per annum if fully occupied, with shop rent to increase by further $14,181 + GST per annum from 16/3/2022, providing for combined total income of $100,620 per annum if fully occupied
* Commercial tenancy pays 60% of outgoings

Property of this calibre is rarely offerred to the market, all reasonable offers are invited and submitted to the owner.

Please contact the exclusive agents for further details.

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$3,078

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