Sold
2/185-189 Darlinghurst Road,
Darlinghurst 2010, New South Wales
Price withheld
Property details
-
Agents
RWC South Sydney
11 Joynton Avenue, ZETLAND New South Wales 2017
SOLID RETURNING LEASED INVESTMENT!
RWC South Sydney is proud to exclusively offer for sale 2/185-189 Darlinghurst Road
Nestled amongst prime retail, eateries and a rejuvenated bar scene the opportunity to acquire a safe and prime versatile asset is offered with a strong existing lease in place. With recognised inner city growth plus an additional new wave of gentrified and cultured evolving residential and commercial local Darlinghurst market, investments to hold and grow are scarce.
Benefitting from foot-traffic, moments from Kings Cross train station and meters from the bus stop and vehicle traffic along Darlinghurst road the established operators DTMP Enterprise Pty (Trading as Savoey Restaurant & Bar) have secured a further 5 year lease with options recently executed in November 2024.
• Established operator with long term lease
• Grease trap and commercial kitchen
• Prime dining + liquor licensed
• 5 x 5 year lease
• Starting year 1 rent @$91,000 plus GST
• Term (5) years starting on November 1 2024 and ending on 31 October 2029
• Option (5) years starting on November 1 2029 and ending on 31 October 2034
• Annual increases FIXED @4% per annum
For a copy of the Information Memorandum and to discuss the opportunity further, please contact the exclusive agent Michael Hatz .
Nestled amongst prime retail, eateries and a rejuvenated bar scene the opportunity to acquire a safe and prime versatile asset is offered with a strong existing lease in place. With recognised inner city growth plus an additional new wave of gentrified and cultured evolving residential and commercial local Darlinghurst market, investments to hold and grow are scarce.
Benefitting from foot-traffic, moments from Kings Cross train station and meters from the bus stop and vehicle traffic along Darlinghurst road the established operators DTMP Enterprise Pty (Trading as Savoey Restaurant & Bar) have secured a further 5 year lease with options recently executed in November 2024.
• Established operator with long term lease
• Grease trap and commercial kitchen
• Prime dining + liquor licensed
• 5 x 5 year lease
• Starting year 1 rent @$91,000 plus GST
• Term (5) years starting on November 1 2024 and ending on 31 October 2029
• Option (5) years starting on November 1 2029 and ending on 31 October 2034
• Annual increases FIXED @4% per annum
For a copy of the Information Memorandum and to discuss the opportunity further, please contact the exclusive agent Michael Hatz .
Explore the area
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.