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SALE

  • Retail

Individual strata retail shops with strong covenants
92 Pitt Street, Redfern

  • Retail
Price Contact Agent
Property Type Retail
Land Size -
Building Size -

INSPECTION BY APPOINTMENT

Oxford Agency is pleased to offer 3 individual shops in the esteemed Alchemy development. Alchemy is a landmark building in Redfern that was revived and re-imagined by award-winning architects Lawton Hurley. Located on the corner of Pitt and Redfern Street and home to Fern St Eatery, Bart Jnr & Juan Bowl & Tea.

The net lettable area of the shops is 189 square metres (approx..) in total, ranging from 55.1 square metres to 74.2 square metres and a combined net income of $210,306 per annum + GST occupied by the areas best F&B operators.

Theses vibrant ground-floor retail spaces feature opulent fit outs and are considered to be an urban hotspot in the area’s newest mixed-use development. In labelled as the ‘new Surry Hills’, Redfern has evolved into a highly sought-after suburb as retailers and commercial operators have rushed to be a part of.

Alchemy’s strategic corner location in the heart of the village is 500m to Redfern Station is a favoured destination for young professionals, downsizers, artists and urbanites. Eveleigh Farmers markets, the Carriageworks arts centre as well as Sydney University, UTS and the Australian Technology Park are all within walking distance. Getting around the city is effortless with excellent bus links at the doorstep as well as an ever-growing network of new cycle ways that connect Redfern to Surry Hills, Alexandria, Waterloo and Green Square and the CBD.

The shops are offered individually or collectively, each investment has a strong covenant and would suit a broad spectrum of investors.

Individual shop details:

Shop 3 – Fern St Eatery
– 59.6sqm
– $72,434 + GST Net per annum
– 8 + 7 Year lease
– 5% Annual Increases
– 100% of outgoings and management fees paid by tenant

Shop 4 – Bart Jnr (Wine Bar)
– 74.2sqm
– $81,413.10 + GST Net per annum
– 5 + 5 Year Lease
– 3.5% Annual Increases
– 100% of outgoings and management fees paid by tenant

Shop 5 – Juan Bowl & Tea
– 55.1sqm
– $56,459 + GST Net per annum
– 5 + 5 Year Lease
– 4% Annual Increases
– 100% of outgoings and management fees paid by tenant

For more information please contact the below exclusive agent:
Dimitrios Franze – 0406 558 855

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