60 Princes Highway
St Peters, NSW 2044

This near new strata retail premises offers an exceptional opportunity for investors seeking a high-yield asset to add to their portfolio or super fund. The property features a substantial 252 square meters of retail space, providing ample room for a variety of commercial uses.

Positioned with a prominent 9.2 meter frontage to the busy Princes Highway, the location ensures excellent visibility and accessibility for customers and clients. The building is part of a quality, near new mixed retail and residential development, reflecting modern construction standards and appealing aesthetics.

Included with the property are six secure underground car spaces, which provide convenient internal access to the building, enhancing the experience for tenants and visitors alike. This secure parking is a valuable asset in this busy area.

The premises currently benefit from a long lease agreement with a successful veterinary clinic, ensuring a stable and reliable income stream. The property is presently returning a gross income of $83,200 per annum, making it a sound investment choice.

Located in a prominent and up-and-coming area, the property is situated opposite Sydney Park and just 500 meters from King Street in Newtown, a vibrant and popular precinct. This proximity to key local amenities and attractions adds to the property's appeal and potential for future growth.

Outgoings associated with the property include council rates of $362 per quarter, water rates of $180 per quarter plus usage, and strata levies of $2,050 per quarter. The land value was assessed at $284,620 as of July 1, 2015.

Inspection of the property is available by appointment, providing interested parties the opportunity to fully appreciate the quality and potential of this prime retail investment.