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Overview
Summit Arcade - Shop / 569-581 George Street
This retail shop offers an exceptional opportunity to establish a presence in the heart of Sydney's bustling city center. Situated within the Summit Arcade on the ground level of the Summit Apartments complex, which comprises 352 residential and commercial units, this property benefits from high foot traffic and excellent exposure. The arcade serves as a pedestrian thoroughfare connecting George Street and Sussex Street via Eagar Lane, enhancing accessibility and visibility for businesses located here.
The shop itself features an open layout with expansive window frontage, allowing for ample natural light and attractive display opportunities. The total area includes 25 square meters of retail space plus an additional 5 square meters of storeroom on title, providing practical storage solutions to support business operations.
Located opposite World Square on busy George Street, the shop is surrounded by a vibrant mix of attractions, bars, restaurants, and convenient transport links, making it an ideal location for retail or service-oriented businesses seeking to capitalize on the dynamic city environment.
Potential rental income is approximately $500 per week, reflecting the strong demand for commercial spaces in this prime location. Annual outgoings include strata levies of approximately $6,158.12, council rates of $1,026.45, and water rates of $853.56, which are important considerations for budgeting and financial planning.
This property represents a rare chance to secure a compact yet strategically positioned retail space in Sydney's central business district, offering excellent potential for growth and success in a competitive market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Sydney NSW 2000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 30 m² |
Market Insights for Sydney NSW 2000
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