115/62-80 Rowe Street, Eastwood NSW 2122
Prime Retail Shop For Sale/ Heart of Eastwood Korean Precinct
Located in the heart of Eastwood's vibrant Korean commercial precinct, this property is set within a prominent commercial building. The shop is currently leased to a Korean Takeaway Food business, with the tenant intending to secure a long-term lease.
The property benefits from a stable business operation and reliable rental income, making it an ideal investment opportunity for buyers seeking secure, long-term returns. It also offers flexibility for owner-occupiers looking to establish their own business in a high-demand location.
Property Highlights:
- Shop Size: 66 Sqm.
- Currently operating as a reputable Korean Takeaway Food Shop
- Stable investment with existing rental income with 3% increase Cap yearly
- Retail space within a commercial building with consistent foot traffic.
- Surrounded by diverse businesses including restaurants, supermarkets, and offices. creating a strong commercial atmosphere
- Approximately 200 meters' walk to Eastwood railway station and City bus, offering excellent transport convenience.
- Annum Rental Income:
* Current Rent Income $78,000 Per Annum Incl GST
* Lease: 22 March 2021 and ending 21 March 2026 then 5 years Option
* Annual Increases Rent: Fixed at 3%
- Tenant pay 100% of all water usage charges and all other service charges for the premises including grease trap charge and waste removal charges.
- Out going ( approx. p.a):
* Strata: $26,591 ( Admin : $25,051 + Cap Wrks Fnd: $1540)
* Council Rate: $1,828
More details and inspection:
Please Contact : Wendy Dong 0433 738 366
The property benefits from a stable business operation and reliable rental income, making it an ideal investment opportunity for buyers seeking secure, long-term returns. It also offers flexibility for owner-occupiers looking to establish their own business in a high-demand location.
Property Highlights:
- Shop Size: 66 Sqm.
- Currently operating as a reputable Korean Takeaway Food Shop
- Stable investment with existing rental income with 3% increase Cap yearly
- Retail space within a commercial building with consistent foot traffic.
- Surrounded by diverse businesses including restaurants, supermarkets, and offices. creating a strong commercial atmosphere
- Approximately 200 meters' walk to Eastwood railway station and City bus, offering excellent transport convenience.
- Annum Rental Income:
* Current Rent Income $78,000 Per Annum Incl GST
* Lease: 22 March 2021 and ending 21 March 2026 then 5 years Option
* Annual Increases Rent: Fixed at 3%
- Tenant pay 100% of all water usage charges and all other service charges for the premises including grease trap charge and waste removal charges.
- Out going ( approx. p.a):
* Strata: $26,591 ( Admin : $25,051 + Cap Wrks Fnd: $1540)
* Council Rate: $1,828
More details and inspection:
Please Contact : Wendy Dong 0433 738 366