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Freehold Investment on Pakington Street!
Gartland is excited to present an exceptional investment opportunity at 10/321 Pakington Street, Newtown.
Situated on the bustling Pakington Street, this property enjoys a prime location with high foot traffic and excellent visibility to attract potential customers. The surrounding area is rich in amenities, including popular cafes, restaurants, boutique shops, and thriving businesses, creating a vibrant and dynamic environment for your venture. Moreover, the property offers convenient access to ample parking options for both customers and staff.
Leased to Bay Kids
* Three (3) Year lease commenced September 2023
* Annual Return of $42,500 p/a + GST + Outgoings
* CPI annual increments with Market Review at option
* Two (2) Further Terms of Three (3) Years Each
Property Features:
• Surrounded by a variety of successful business including National retailers
• Dynamic Residential catchment area
• Three year lease with options
• Strong Foot Traffic Precinct
• Floor Area 78.7sqm approx.
• Commercial 1 Zone