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NEW NORTH FACING INVESTMENT | GROUND FLOOR RETAIL/COMMERCIAL SUITE
- New 3 + 3 Year Lease
- Net Rent of $53,200 PA, 4% increases PA
- 76 sqm NLA, 2 Car Spaces
A superb investment opportunity, Suite G02 is an ideal investment within Crows Nest Village.
Recently leased by a high end pilates/fitness studio on a 3-year term, with a 3 year option. It stands as the perfect opportunity for an investor.
Situated at street level of the new luxury boutique development “Alexander Residences”, located at the prominent corner of Alexander Street and Devonshire Street, which is an exceptionally wide street, providing clients and customers with the convenience of easy parking.
Suite G02 has a corner position, with wide window frontages and due North aspect to Devonshire Street providing excellent sunlight year-round.
In addition, Suite G02 benefits from the generous allocation of two secure car parking spaces and tenant signage to Alexander Street.
Prominent, yet calm, the location is only a stone's throw from the heart of Crows Nest's thriving retail village, including a wide variety of cafes and restaurants, Coles and Woolworths supermarkets, pending McDonalds (DA lodged), Petbarn, Chemist Warehouse and an easy 450m walk to the Crows Nest Metro Station, via the new centrally located Willoughby Road promenade.
Property features include:
* 76 sqm NLA, plus 2 car spaces on title
* 3 year Lease, with 3 year option
* Leased by a high end pilates/fitness studio
* Net income of $53,200 per annum + GST
* 4% annual rent increases (with rent increasing to $55,328 on 1st November)
* Lessee pays 100% of outgoings
* Prime corner position
* Shared amenities in common area
* Fantastic building signage on Alexander Street
* Reverse cycle Air Conditioning system
* Generous windows to the wide Devonshire Street frontage, providing great natural light to North frontage
* Approximately 450m from Crows Nest Metro Station
* Quiet tree lined Devonshire Street provides a peaceful, quiet environment, with easy street parking available
* Easy walk to Crows Nest's humming village precinct and the vibrant Willoughby Road retail strip with an abundance of cafes, restaurants and range of shops
Contact Sutton Anderson to find out more about this superb investment!
KEY PROPERTY FACTS
Listing ID: 500981480
Total Area:
76 sqm
Sale Price:
Contact Agent
Type:
Retail
Car Space:
2 car spaces
Auction:
Auction details
Tuesday, 05 August 2025
10:30AM
Auctionworks, Mezzanine Level, 50 Margaret St, Sydney
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All the prices quoted are exclusive of GST
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.