SOLD - Rhodes (Sydney) - Renewed 10 Year Lease - Fixed 3% Increases

Cushman & Wakefield is pleased to present a rare opportunity to acquire a brand new leased investment in Rhodes, Sydney secured by a renewed 10 year lease to proven performer, Chambers Coffee.

The property has the following key characteristics:

• Renewed 10 year lease to 2030 + options to 2035
• Chambers Coffee - Highly successful Sydney coffee retailer and fine coffee roaster with over six locations across Sydney and a strategic roll-out plan encompassing all major Australian cities
• High profile corner site on Rider Boulevard, Rhodes servicing a significant commercial office precinct, residential catchment and core retail hub
• Located within close proximity to Rhodes Train Station, Coles, Liquor land, IKEA, Guzman y Gomez, Rhodes Waterside Shopping Centre, Priceline, Rhodes Medical Centre and ANZ Stadium
• Approved liquor license venue with license held on premises
• One allocated carpark on title and exclusive storage area
• Net lease - Tenant pays 100% of outgoings
• Fixed 3% annual rent increases
• Net Income $180,000 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted on Thursday 19 March at 2pm AEDT at Cooley Auctions, located on Level 1, 29-33 Bay Street, Double Bay NSW 2028.

Prospective purchasers and interested parties will have access to remote bidding facilities in both Melbourne and Brisbane.

Should you have interest in bidding on the property from one of these locations, please liaise with the exclusive Cushman & Wakefield agents.