Savills News

Retail strata asset for sale in Sydney CBD

A 12-storey office building with ground floor retail in Sydney’s CBD has come to market, within close proximity to the bustling activities of surrounding precincts including World Square, Chinatown, Darling Harbour and Darling Square. 

Shop 2, 265 Castlereagh Street is leased to 265 Café, an established café operator on a new six year lease term with a passing income of $73,897. It comprises a strata area of approximately 74sq m which has a fully fitted commercial kitchen with cool room and is situated amongst various legal, education, financial and government sectors and is directly across the road from The State and Federal Attorney General’s Departments and Downing Centre Courts.

The property is for sale through Jordan Lee and Andy Hu of Savills Asia Markets who said the property will be offered for sale by public auction on Thursday 3 October 2019 (if not sold prior).

Jordan Lee, Joint State Head, Asia Markets, Savills Australia said “This retail investment is ideal for private investors looking for long term secure tenancy and investment into your super fund.”

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