Mitchell & Fountain

Retail 2, 76 Mitchell Road ALEXANDRIA

Listing ID

1198

Location

Description

Located on the corner of Mitchell Rd and Fountain Street Alexandria in this former Antique store adaptive reuse landmark corner development.

Brand new to the market and the first time offered FOR SALE, this prime street front retail space is outstanding value and well located for future capital growth in the popular Alexandria 2015 area.

92sqm NLA + one (1) undercover/secure car space on title. Featuring exposed timber ceiling and steel beams, 3.5 metre ceiling height, large bi-fold windows, polished concrete floors, and exposed period brickwork beneath the current gyprock fitout.

This is a very versatile space which also importantly includes direct connection to grease trap and mechanical exhaust catering for future food & beverage operations given its flexible zoning.

Not limited to F & B though this space is currently leased to mitchellrdchiropractic.com.au on a five (5) + five (5) year lease who are a fantastic tenant providing stable income in the interim. Starting 15th June 2021 an annual 2.5% increase will be in effect by settlement, with three (3) years remaining on the initial term before a market review at option.

This is an outstanding offering which provides the successful purchaser GST exemption on the 'going concern' sale while buying at well below current market values due to the current under rented nature of the property.

This is an opportunity that must be considered due to the future upside whilst delivering rental security today.

Call for more details:

Craig Carroll
0412 034 263
SOUTH SYDNEY COMMERCIAL
Thinking Outside the Square Metre

Area

92 m²  

Sale Price

$1,300,000

Lease Price

 

Rental PA

 

Outgoings

 

Occupancy

 

GST

All prices quoted are exclusive of GST.  

Parking

 

NABERS

 Star NABERS Energy Rating

Link

Contact

Craig Carroll  

Phone

0412 034 263  

Email

craig@southsydneycommercial.com.au