SOLD BY TONY ROBERTS
HISTORIC LANDMARK BUILDING |
'THE JUNCTION BUILDING'
Located at the junction of Penshurst Street and Sydney Street in the Willoughby North shopping village, this Historic 1922 double fronted building consists two levels with rear access and parking.
The ground floor is occupied by a First Class Tenant, the well established and popular 'Star of Thailand Restaurant'.
Upstairs has been recently refurbished and can be either 3 Bedroom Residential or Commercial Office space
This is an opportunity not to be missed for the astute Investor looking for a good return with future redevelopment possibilities.
Ground Floor Current Lease to December 2011 Plus 5 year Option from 1st January 2012 to 31st December 2016
Rent $80,637.00 P.A. + GST.
Expired Residential Lease, current rent $400.00 per week
Water Rates $673.12 P.A. + Usage
Council Rates $3916.00 P.A.
Tony Roberts 0419 417888 , 9417 8888