Burgess Rawson is pleased to offer 79 Charles Street, Putney NSW 2112 to the market for sale via our Investment Portfolio Auction 162.
The investment has the following key investment highlights:
+ Dominant 53 place centre within the vibrant Putney Village retail/business area, boasting ample parking
+ Leased to 2034 plus 10 + 10 year options extending to 2054
+ Story House are a leading national education provider with over 50 centres
+ Compounding 4% annual rent increases
+ Strong education rich precinct with 15 schools within a 5 min drive
+ Putney is a prestigious and affluent Sydney suburb with household income 67% higher than the NSW average
+ Putney – suburb median house price of $3.4 million is 2.8* times higher than Sydney's median house price
+ Attractive net lease structure ? tenant pays all usual outgoings, including general Repairs & Maintenance and Management Fees
+ Land Tax free commercial investment (NSW only)
+ Net Income: $200,637 pa* + GST (Rising to $308,871 in 2033 based on a 4%pa increase)
To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 1 August 2023
Sydney Opera House
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx