3/5 Potter Street
Waterloo, NSW 2017

This commercial property offers a unique investment opportunity in the rapidly growing area of Waterloo, located just 3.8 kilometers from Sydney's central business district. The property is situated within a sought-after commercial complex positioned on the boundary of Surry Hills and Zetland, surrounded by over 2000 apartments, making it a prime location for business ventures.

The shop is a split-level unit comprising two separate levels, currently leased to two quality tenants, providing a stable rental income with a 5.5% rental return. The total floor area is approximately 110 square meters, including a secure underground parking space and additional storage space of 3 square meters.

Key features of the property include:

• Ground floor space of 52 to 56 square meters, currently operating as a takeaway restaurant. This tenant generates a net income of $53,075.16 plus GST per annum, with a 3.5% annual rent increase. The tenant is responsible for 50% of the levy and 100% of the water fees.
• First floor space of 52 square meters, used as a skin care, beauty, and massage center. This tenant pays a net income of $26,071.42 plus GST per annum and covers 30% of the levy and 100% of the council fees.
• A separate secure underground car space that yields a net income of $2,100 per annum.

The combined net income from the tenants and parking space exceeds $80,000 per annum, making this an attractive investment for those seeking steady returns in a prime location close to major universities such as the University of Sydney and UNSW, as well as the Randwick Race Course.

The property benefits from excellent accessibility and visibility due to its high foot traffic location, making it suitable for a variety of commercial uses. The surrounding area is undergoing significant development, further enhancing the potential for capital growth.

Overall, this split-level shop presents a compelling opportunity for investors looking to acquire a well-leased commercial asset in a thriving urban precinct with strong rental income and future growth prospects.