An offshore purchaser has purchased a 48sq m vacant retail space at Shop 1, 61-65 Regent Street, Chippendale NSW from a Private group for $682,000.
The sale reflected a building rate a $14,208/sq m – a strata retail record for the precinct.
Key features of the property include 48sq m* (+4sq m bathroom area) Retail Shop, large 10m* street frontage with outdoor seating potential, one secure parking space, separate toilet on title plus rear loading dock access. The property’s previous rental was $725 per week* plus GST.
The property is 600m* to Central Station and 100m* to Central Park development and within close proximity to the famous ‘Spice Alley’ restaurant and UTS
The deal was negotiated by Nick Lower, Selin Ince and Michael Hui of Savills Metropolitan & Regional Sales who said the space would be suitable for (STCA): Bottle Shop, Wine Bar, Beauty, Nail Polish, Eye lash extensions, Bakery, Deli, Specialty Shop Cafe, Takeaways, Cakes/Patisserie.
“This sale is a strong reinforcement that we are seeing an increasing appetite in the market for well-located assets – no matter the price tag,” said Mr Lower.