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Property ID: 1P0963

33 Shelley Street Sydney NSW

$1,575,000 / Cap Rate 5.25%
  • Offices
  • For Sale
  • 119 sqm
  • $189.00 Quarterly
  • $144.00 Quarterly
  • $2,749.00 Quarterly
SECURE HARBOURSIDE INVESTMENT NEAR BARANGAROO - 5.25% CAP RATE
Noonan Property is pleased to present 33 Shelley Street, Sydney for sale.

- Premium retail and commercial property
- Highly coveted location near Barangaroo
- Exclusive and valuable ground floor position
- Striking window frontage spanning 6 metres
- Prominent illuminated awning street signage
- Stylishly fitted out with contemporary finishes
- Ultra impressive reception and meeting area
- Internal kitchenette, storage and bathroom
- Modern building comprising 200+ apartments
- Securely leased to acclaimed property agency
- Tenant has a successful 20-year track record
- 5-year lease with options extending to 2035
- Conservative net rental of $82,693 per annum
- Tenant has occupied the premises for 11 years
- 3% fixed rental increases plus market reviews
- Strong covenant with a 6-month security bond
- Spectacular and popular harbourside location
- Close to Wynyard Station via Wynyard Walk
- Minutes to Crown Sydney and Darling Harbour
- Surrounded by first class restaurants and bars

* Approximately

SIZE AND LOT SPECIFICATIONS
Ground floor, Lot 4 - 119 sqm approx.

INVESTMENT OVERVIEW
Rental income - $95,200.00 per annum approx.
Outgoings - $12,506.76 per annum approx.
Net income - $82,693.24 per annum approx.

CONTACT DETAILS
Tim Noonan - 0416 286 129
Ben Kennedy - 0449 286 129
Noonan Property - 02 9231 6000

DISCLAIMER
The above information has been furnished to us by a third party. Noonan & Co Pty Ltd trading as Noonan Property have not verified whether the information is accurate and have no belief one way or another in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether this information is in fact accurate. Figures may be subject to change without notice.

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