SOLD

Rarely does the opportunity come available to purchase a freehold building with a high yield in an up market Eastern suburbs growth location, the perfect investment.

505 a popular live music venue with full commercial kitchen, cocktail bar, D.J box and stage operates 6 days a week, they have been providing live music to Sydney for over 7 years with some of our best local and global artists.

Delivery Boys is a D.A approved brothel with four working rooms each with there own ensuite, Bar and entertaining area; Delivery Boys have been in operation for over 10 years.

Both tenants are established on long leases with each paying 50% of the outgoings.
The building holds a strong presence on the corner of Cleveland & Perry Street with three street frontages and fantastic exposure the building is approximately 578sqm and the land size approximately 372sqm. Cleveland Street has recently been transformed with a number of new restaurants, bars, cafes and quirky shops being the new Crown Street of Surry Hills.

505 Investments
Income $90,000p/a net
Lease 5 + 5 + 5
Commencement January 2010

Delivery Boys
Income $83,620.36p/a net approx
Lease term 5 + 5 + 5
Commencement of last 5 years on 10th April 2011