$1,050,000

Situated on the ground floor of the iconic 'Cooperage' building, this well-established commercial premise offers real value in central Pyrmont.

The long-term tenant, does a thriving trade with local residents and professionals from nearby businesses. The building itself boasts an attractive brick façade, surrounded by parklands and views of Johnston's Bay and Anzac Bridge.

The premises feature a modern design and outdoor seating on a leafy shaded terrace. Here customers can enjoy healthy food and their daily caffeine fix by the water's edge.

Property Particulars

Strata: Approx 55sqm
Level: Ground floor
Rental income: $72,889.20pa + GST
Lease expires: 27/03/23
Lease option: 4yrs
Annual Increases: 5%

Outgoing's contribution: 100% of water, council and strata paid by tenant.

OUTGOINGS APPROX

Strata: $1536.6pq
Council: $719.72pa
Water: $736.80pa

Inspection times: By appointment
The property will be offered to market via an Auction Sale Saturday 14th March 2020 at 12pm On Site.