FULLY LEASED INVESTMENT @ $60K PA. RETAIL SHOP + Separate self contained 2 BEDROOM FLAT. AN ENTRY LEVEL INVESTMENT ON KING STREET.
A rare opportunity for an investor to acquire a well positioned investment property in Sydney's busy & ever popular King Street retail strip. This quality offering is currently returning approx $60,000 per annum net and has the added potential for strong future capital growth and rising rental income returns. Lock up shop floor area - approx 78sqm, 2 bedroom flat with separate street entrance - approx 50sqm. Wide street frontage approx 5.5m. Flat is leased at $390pw, lock up shop leased at $800pw net + GST = Total rent $1,190 per week. Near Sydney University and RPA Hospital. Excellent exposure, Zoned Commercial, net rental return per annum approx $60,000.