COMPELLING RETAIL INVESTMENT WITH LONGSTANDING TENANCY - YIELD 7.25% PA
365 Kent Street, Sydney NSW 2000
$3,525,000
RetailSize: n/a
Block size: 338 m² approx.
Noonan Property Sydney are pleased to offer for sale Lots 191, 195, 197 and 199, Windsor on Kent, 365 Kent Street, Sydney.
This sale represents an outstanding opportunity to acquire a quality retail and commercial investment property on four separate adjoining titles in the heart of Sydney's thriving western corridor precinct near Martin Place, Barangaroo and Darling Harbour. Importantly, this property is also centrally located midway between Wynyard and Town Hall Stations, which has been one of the stimuluses for this property's ultra-successful tenancy history.
The subject properties are offered with a renewed 3+3+3 year lease to a highly successful design, print and communications business trading as ASAP Press. The business was established c1994 (29 years) and ASAP Press has occupied the properties since 2001 (22 years). This longstanding tenure is testament to the property's superb location and the benefits of being centrally located to Sydney's largest commercial developments including Darling Park, Allianz Centre and Barrack Place.
The properties are generating rental income of $255,596.40 per annum + GST and the tenant also pays strata levies (excl. sinking fund or special levy contributions), council rates and water rates on the behalf of the owner. The lease also incorporates 4% annual rental increases, a Personal Guarantee and a Bank Guarantee equal to 3M rental ($63.899.10) that reinforces the strength of the tenancy.
The properties feature prime ground floor positioning with a direct entranceway frontage to Kent Street and internally the properties are spread across four adjoining titles comprising 338 sqm including a security car space and storage area. The premises are well presented with a functional fitout incorporating office space and large open spaces with high ceilings to accommodate the tenant's machinery and equipment along with internal bathroom and kitchen amenities.
The Windsor on Kent building at 365 Kent Street, Sydney is a 28-storey building comprising 347 residential apartments, 3 retail units, 2 commercial units and basement car parking. The building features a stylish main lobby area along with resort style facilities including a pool, spa, gym, golf range and a spacious BBQ terrace with city skyline views.
This quality retail and commercial property is an compelling investment opportunity and we look forward to servicing your enquiries.
Contact Details:
Tim Noonan
0416 286 129
tim@noonanproperty.com.au
This sale represents an outstanding opportunity to acquire a quality retail and commercial investment property on four separate adjoining titles in the heart of Sydney's thriving western corridor precinct near Martin Place, Barangaroo and Darling Harbour. Importantly, this property is also centrally located midway between Wynyard and Town Hall Stations, which has been one of the stimuluses for this property's ultra-successful tenancy history.
The subject properties are offered with a renewed 3+3+3 year lease to a highly successful design, print and communications business trading as ASAP Press. The business was established c1994 (29 years) and ASAP Press has occupied the properties since 2001 (22 years). This longstanding tenure is testament to the property's superb location and the benefits of being centrally located to Sydney's largest commercial developments including Darling Park, Allianz Centre and Barrack Place.
The properties are generating rental income of $255,596.40 per annum + GST and the tenant also pays strata levies (excl. sinking fund or special levy contributions), council rates and water rates on the behalf of the owner. The lease also incorporates 4% annual rental increases, a Personal Guarantee and a Bank Guarantee equal to 3M rental ($63.899.10) that reinforces the strength of the tenancy.
The properties feature prime ground floor positioning with a direct entranceway frontage to Kent Street and internally the properties are spread across four adjoining titles comprising 338 sqm including a security car space and storage area. The premises are well presented with a functional fitout incorporating office space and large open spaces with high ceilings to accommodate the tenant's machinery and equipment along with internal bathroom and kitchen amenities.
The Windsor on Kent building at 365 Kent Street, Sydney is a 28-storey building comprising 347 residential apartments, 3 retail units, 2 commercial units and basement car parking. The building features a stylish main lobby area along with resort style facilities including a pool, spa, gym, golf range and a spacious BBQ terrace with city skyline views.
This quality retail and commercial property is an compelling investment opportunity and we look forward to servicing your enquiries.
Contact Details:
Tim Noonan
0416 286 129
tim@noonanproperty.com.au
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Key details
Garage Spaces:
1
Property type:
Retail
Block Size:
338 m²*
Other Details
Lot:
CP
Plan Type:
SP
Plan:
63094
Legal description:
CP/SP63094
Maps and area information
Block information
Block size: 338m² (approx)
Legal description: CP/SP63094
Measurements are estimates only and based on data provided under licence from
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
22 Feb 2019
Sold
Windsor on Kent
Listed: 24/11/2018
Transfer type: Full transfer
16 Feb 2019
Sold
Key Asset Real Estate -Sydney
Listed: 08/09/2018
Transfer type: Full transfer
12 Sep 2018
Sold
Windsor on Kent
Listed: 19/07/2018
Transfer type: Full transfer
30 Jul 2018
Sold
Windsor on Kent
Listed: 16/05/2018
Transfer type: Full transfer
23 May 2018
Sold
Windsor on Kent
Listed: 20/04/2017
Block size: 55m²
Transfer type: Full transfer
23 May 2018
Sold
Windsor on Kent
Listed: 19/04/2017
Block size: 123m²
Transfer type: Full transfer
16 May 2018
Sold
Windsor on Kent
Listed: 14/03/2018
Transfer type: Full transfer
08 May 2018
Sold
Windsor on Kent
Listed: 15/01/2016
Transfer type: Full transfer
08 May 2018
Sold
Windsor on Kent
Listed: 17/08/2016
Block size: 43m²
Transfer type: Full transfer
Sydney suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
32 years
Population
16,667
Listing ID: 181877315. This listing has been viewed 12 times. It was first displayed on 25/08/2023 and last updated on 10/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.