Renewed Leased Term - Creative Art Studio Investment

Description

Burgess Rawson is pleased to present Paper Rock Scissors, Summer Hill to the market for sale via Investment Portfolio Auction 158.

The investment has the following key investment highlights:

+ Renewed lease term to December 2026 plus option
+ Paper Rock Scissors Art Studios: High performing Sydney creative retailer with an established customer base and additional locations, offering after school programs, high school art classes, birthday parties, holiday workshops, wine & cheese and art, and much more***
+ Fixed 3% increases insuring strong rental growth
+ Minimal management required, easy single tenant investment
+ Summer Hill: prestigious Inner-West suburb 7km from Sydney CBD, 850m* walk to the Summer Hill train station and within proximity to Woolworths anchored and Abacus & ISPT owned Ashfield Mall comprising of 24,791 sqm of retail and 5 levels of parking for 1,070 vehicles****
+ Benefiting from the Summer Hill Flour Mill community with 3,000+* commuters passing through daily, 7,311 residents* and the Flour Mill Summer Hill markets occurring every first and third Sunday of the month*****
+ Family oriented community supported by 850+ dwellings in the immediate area and above, and access to Sydney’s Inner-West population of 183,000+ people**
+ Net Income: $43,815 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 21 February 2023
Yallamundi Rooms, Sydney Opera House

A further 3 Summer Hill investments are also available.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approximately
**Inner-West Council
***Paperrockscissors.com.au
****ISPT
*****summerhillflourmill.com.au

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Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
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Summer Hill, NSW

Lot 86, 3 Mungo Place

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 158

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