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Shops 1 + 2, 18 College Street, Darlinghurst

SOLD

INNER CITY RETAIL INVESTMENTS - LEASED TO LOTUS DINING GROUP

Located in the highly acclaimed “The Residence” comprising 87 luxury apartments
Tightly held location, moments to Sydney’s CBD, Hyde Park, Chinatown + renowned Oxford St
Rare opportunity to acquire 2 quality shops in one line

Shop 1 - Leased to one of Sydney’s most respected hospitality groups “Lotus Dining Group”

• New 5 + 5 year lease to award winning tenant “Madame Shanghai” (1 of 7 venues within the group)
• Stunning fit out by award winning designer Melissa Collison which was shortlisted as “Best Restaurant Design”
• Rental Income $225,000 pa + GST with 3% annual rental increases
• Approx. 195m2 including external / outdoor seating area
• Valuable food + liquor license approvals in place

Shop 2 – Leased to Hutchinson Builders

• Food approved + fitted out as cafe
• Currently leased as site office to Hutchinson Builders
• Leased until July 2021 returning $4,000 per month
• Approx. 75m2 including outdoor seating area
• Possible alternative uses (subject to council approval)
• Ideal for owner occupier / + or investor

In conjunction with ZLT Property Group Pty Ltd / License No. 1044957

Details

Address Shops 1 + 2, 18 College Street, Darlinghurst
Price SOLD
Property Type Commercial
Property ID 1950
Category Retail, Other

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Allan Levy

0400 999 888