Leased Investment - Freehold Mixed Use terrace

Ray White Commercial Sydney City Fringe & Ray White residential Glebe are proud to present for Auction 174 St Johns Rd, Glebe.

A rare opportunity to acquire a prominent freehold building in the city fringe, this wide-fronted Mixed Use terrace holds a coveted setting right in the heart of St Johns Road's iconic dining precinct. Highly sought after city fringe location, strong capital growth just 450m to the University of Sydney campus, 3km to the CBD.

Key Highlights Include:

• B1 Neighbourhood Centre
• 221sqm* of land and 270sqm* of existing building over 2 levels
• Whole building is currently leased to proven operator Pizze Baby Restaurant and bar.
• Net Passing Income $80,928.29* per annum
• 5 year lease commenced in 2018 plus a 5 year option with 4% annual increases and personal guarantees
• Custom fitted pizza parlour and licensed bar for 48 patrons, alfresco courtyard and sidewalk dining
• Self-contained upper level apartment with a private entry, 3 large bedrooms and a versatile study area/breakout space
• Current gross building area of 270sqm* under FSR: 1.5:1 and potential to add value (STCA)**

This opportunity is offered for sale via public on site auction, Saturday 18th June, 2022 commencing 10.30am.

To discuss the property in further detail, please contact the listed agents below:

Kristian Morris
Principal & Licensee In Charge
Ray White Commercial Sydney City Fringe
0411 415 297
kristian.morris@raywhite.com

Ronan Braham
Sales & Leasing
Ray White Commercial Sydney City Fringe
M: 0452 008 887
E: ronan.braham@raywhite.com

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

*approx.
** Subject to council approval.

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