Ray White City South

Commercial Sold Properties

317 Anzac Parade, Kingsford SOLD at $1,368,000 Excellent Retail Investment This freehold building is located on the retail and dining strip of Kingsford close to the University of New South Wales. This area is frequented by University students as well as local residents. The property is a 2 storey building built over a land area of about 170 sqm. There is rear lane access to the property via Borrodale Road. The ground level retail area was occupied by a dental surgery and is currently vacant. Upstairs is a 1 bedroom residential flat. It is currently leased for $225 per week subject to expired tenancy agreement. The zoning of the property is general commercial 3(A) which suits various businesses including restaurants and any type of retail outlets, subject to council approval. Raymond Hung 0419 223 895 or email rhung@raywhitecitysouth.com.au

260-262 Beamish Street,Campsie SOLD at $3,500,000 Retail - Landmark Building In Campsie This is a rare opportunity to own a freehold retail property in the hub of Campsieā€™s shopping precinct on Beamish Street. Located at the corner of Beamish and Evaline Streets, it enjoys excellent exposure to both pedestrian and car traffic all day long. It is currently leased to a fashion wholesale/retailer for a rent of $200,000 gross per annum + GST. The current lease will expire on 20 August 2008 plus three options (5 years each) to renew the lease. Parts of the roof top are leased to Telstra and Hutchison 3G for their telecommunication equipment with a combined rental of $52,700 + GST per annum. The land area is about 424 sqm and the total lettable floor area is about 1,123 sqm. Parking and loading dock is available on site accessible from Evaline Street. Details: Raymond Hung 0419 223 895 or email rhung@raywhitecitysouth.com.au

Shop QG7/8 Quay St, Haymarket SOLD at Auction, $510,000 Affordable investment with excellent Retail Exposure This 35 sqm strata shop is located on the Quay Street level of Prince Centre overlooking Thomas Street. Prince Centre is a retail and commercial building completed in 1988. It is located 1 block away from Paddyā€™s market, close to UTS, Darling Harbour and Central Station. It has a wide variety of shops and restaurants frequented by local residents, office workers and students. This shop has been leased to the same travel agency for a long time and a new 3 year lease was executed recently. It starts from 12 December 2008 with an annual rental of $39,824.50 net of GST. According to the lease, there is a 5% rent increase per annum. Estimated outgoings per annum: Strata levies $ 5,428 Council rates $ 1,027 Water rates $ 534 Raymond Hung 0419 223 895 or email rhung@raywhitecitysouth.com.au

382A Pitt Street, Sydney SOLD Prior to Auction, $3,800,000 Prime retail investments This 3 storey building is located on the busy shopping strip of Pitt Street opposite World Square and next door to Hotel Ibis. The land area is about 177 sqm. The property is fully leased to 2 separate tenants and the total net rental income is about $188,000 per annum + GST. Contact: Raymond Hung 0419 223 895 RAY WHITE CITY SOUTH (02) 9289 8989 www.raywhitecitysouth.com.au

2-4 Featherstone Sreett, Banks SOLD at Auction, $2,010,000 Freehold Retail/Commercial Investment This 3 level building is located about 100 metres from Bankstown train station and close to Bankstown Centro Shopping Town. It has 4 retail shops on the ground level and 12 office suites on the upper levels. The current rental income is about $188,015 per annum plus GST. There are 5 vacant suites available for lease at the moment. Assuming fully let, the estimated gross rent is about $228,147 per annum plus GST. The statutory outgoings including water & council rates, land tax and insurance is about $27,279.60. The land area is about 400 sqm and the total lettable area is about 915 sqm. Contact: Raymond Hung 0419 223 895 RAY WHITE CITY SOUTH (02) 9289 8989 www.raywhitecitysouth.com.au

Shop 185/569 George Street SOLD Prior to Auction, $380,000 Budget retail investment Strata retail shop inside the Summit Arcade leased to a tobacconist and Korean grocery shop. Summit Arcade is located on the ground level of the Summit Apartments (consisting 352 residential & commercial units) on busy George Street opposite World Square. The arcade acts as a pedestrian thoroughfare connecting George and Sussex Street via Eagar Lane. The shop area is 32 sqm plus 3 sqm store room on title. The current rent is $29,035.64 per annum + GST with a fixed 5% increase every year until the lease expires on 30 June 2012. Estimated outgoings per annum: Strata Levies: $4,492 Council Rates: $728 Water Rates: $440 Contact: Raymond Hung 0419 223 895 RAY WHITE CITY SOUTH (02) 9289 8989 www.raywhitecitysouth.com.au

261 Parramatta Rd, Broadway SOLD at $3 Million High Yield investment with long term tenant. This property is situated close to the Broadway Shopping Centre in Glebe Broadway. It is also within walking distance to the bustling Glebe Point Road and Sydney University. The property is a solid four levels concrete building fronting Broadway and with rear entrance on Grose Street. As Broadway is on a higher level than Grose Street, only two levels on the Broadway side are above street level. In other words, ground entrance on Broadway is actually the third level of the property. The ground floor on Grose Street has roller door and can be used for parking. Kings Court, a gentlemen massage centre, has been the tenant for approximately 20 years. The building has been substantially fitted to a high standard for massage business. Reception and lounge sitting area are on third level, 22 rooms on second and fourth levels and workshop parking on first level. There is a lift inside. Present lease is three years to 28 February 2010 with option for another three years. Rental is increased annually at 5% and also 5% on exercise of option. Current rent is $280,800.80 plus GST. Tenant pays 100% of water accounts. Land size 279 sqm. Net Lettable Area 920 sqm approx. Council rate $5,488.45 per annum. Land tax (single holding basis) $6,101 per annum. Ray White City South Kenneth Ng (02) 9289 8903 / 0410 618106. Kenneth.ng@raywhitecitysouth.com.au

651 George Street SOLD AT AUCTION, $5.5 Million Whole Building with 2 retail shops This property is situated in the golden busy strip of Sydney Chinatown. It fronts Sydney’s main boulevard, George Street and Chinatown business district.The property is a 3-storey building facing George Street and a single-storey facing Sussex Street. Lease 3 years to 6 February 2010 with no option (lease under preparation). Rental is $280,000 per annum plus GST. Tenant pays water rates and usage. Rental is increased annually on CPI.

625-627 Harris Street SOLD prior to auction Commercial Developement This is a property with two streets frontage on the main thoroughfare of Harris Street.The property has a Business zoning. With Development Approval and Construction Certificate on hand, construction work may commence immediately. The development plan is to add two levels on top and to convert ground floor for restaurant use. Upstairs are for commercial use. There is parking for up to 4 cars with access from Hackett Street behind. The lift will service the three levels.

Shop 4A/370 Pitt Street $450K, SOLD PRIOR TO AUCTION Retail This is a 39 sqm strata retail shop located in the busy Chambers Arcade in Sydney CBD. The arcade provides a walkway connecting Castlereagh Street and Pitt Street. The Pitt street entrance is directly opposite the popular World Square. In April 2007 the shop has entered into a new 5-year lease fetching a gross rental income of $28,157.14 plus GST per annum. Rent increase of 4% on the third anniversary. This popular café operates from 6 am till 5 pm Monday to Friday and is frequented by those working in the surrounding commercial buildings, law courts and city shoppers.

1419 Botany Road, Botany $1.6M Retail SOLD AFTER AUCTION Great opportunity to own this prominent freehold retail/commercial building located in the main shopping strip of Botany Road in Botany. This property has 3 street frontages along Botany Road, Banksia Street and James Bourke Place. Surrounded by the Post Office, Botany RSL Club, TAB and IGA supermarket, this property enjoys great pedestrian and vehicular traffic all day long. Part of the property at the rear is leased to an art studio/residence, the front section is currently vacant. A development application to convert the front section into 2 shops to be used as restaurant & takeaway business was submitted to Botany Bay City Council pending for approval. The land area is about 648 sqm and the total building area is about 880 sqm.

5E/11 Wentworth Street, Manly Sold after Auction $1.15 million Retail Ground level strata shop in the Rialto Square less than 50 metres from Manly beach. It has 81 sqm shop space leased till Jan 2011 plus 5 years option to renew. Net income $ 74,256 pa + GST. Located underneath the Peninsula Apartments and above the council car park, this shop is surrounded by Bank of Queensland, medical centre and various cafes, restaurants and hair/beauty salons. Coles Supermarket is just steps away.

Shop 6, 500 Elizabeth St Surry SOLD $525,000 Retail 62 sqm strata retail shop located at the corner of Elizabeth and Goodlet Street close to Cleveland Street junction. Currently leased to a well established grocery/mixed business with a net income of $35,000 per annum plus GST. The lease will expire in August 2008 with an option to renew for 4 years

163 Broadway, Ultimo SOLD $1.68 million Retail This is a ground level strata retail shop in the Quadrant completed in 2003. With itā€™s double shop front (11.8M) facing Broadway, it enjoys excellent exposure to passing traffic. The shop area is 168 sqm on ground level plus 111 sqm on the basement level. It comes with one security car space under separate title. This property is for sale subject to vacant possession.

142 Queen Street, St Marys SOLD $900,000 + GST Retail Freehold double storey building located at the Queen and Chapel Street corner inside St Marys Town Centre. Formerly occupied by Bing Lee Electrical Store, this property has about 708 sqm of retail/commercial space over 2 levels. With its triple street frontages on Queen, Chapel and East Lane, this is a great position for any business requiring prominent exposure as well as plenty of retail and commercial space. As for investors, there is also a good potential to subdivide the building to attract a wide diversity of tenants to maximize the rental return subject to council approval.

Shop 351, 569 George St Sydney Sold at Auction $3.8 million Retail Strata retail shop in prime shopping and entertainment strip along George Street opposite World Square. Surrounded by major national & international tenants including Sony Central, NAB, 7eleven, Napoleon Perdis and Hungry Jacks, the shop enjoys a constant flow of pedestrian and vehicular traffic day and night. Leased to the well known Jurlique Wellness & Day Spa with a gross rental income of $225,000 pa plus GST.

Shop 1, 74 The Corso Manly Sold $1.52 million Retail Located in the heart of Manly shopping precinct on The Corso and just steps away from Manly Beach, this is a 46 sqm ground level strata shop leased to New Zealand Natural ice cream shop until December 2008 with 6 years option. The rental income is approximately $93,000 per annum plus GST, with fixed annual increases of 5%. Tenant pays all outgoings.

153 Broadway, Ultimo Sold Prior to Auction - $1.08Mil Retail Ground floor strata titled retail shop of approx. 116 sqm with exposure to heavy vehicular and pedestrian traffic from Broadway. Ideally located within close proximity of the Broadway Shopping Centre, Central Station, Railway Square and Sydney�¦s leading universities. This property is offered with long �Vterm tenant possession until Jan. 2011+ 5-year option, with a gross rental income of approx. $70,392.85 pa (exclusive of GST)

L6/110 Sussex St, Sydney Sold at Auction $1,665,000+GST Retail Whole level strata office of 346 sqm with 4 security car spaces between King and Erskine Streets. This property occupies the whole level 6 of The Chelsea, an 18-storey building with dual residential and commercial zoning permitted. The property offers split-type air-conditioning in every office, polished floorboard in all common areas, a stylish reception area and a conference room with water views. Most of the offices have access to a balcony and some of them enjoy impressive King Street Wharf and Darling Harbour views.

Shop 463, 40-50 Campbell St SOLD AT AUCTION $1.352 M Retail Ground floor retail property prominently located at the corner of Campbell and Castlereagh Streets. The shop is occupied by the City Convenience Store, one of the major chainstores with growing prominence. Shop Area 101 sqm + storage 11 sqm Parking 1 carspace 15 sqm, Rental income $105,000 pa + GST, Lease period is 5 years ending 30 Nov 2010, Option term: 2 x 5 years. Tenant contributes to 100% of outgoings.

143/18 Buchanan St $252K Retail Surrounded by residential buildings in this popular and fast growing district of Balmain, this is a 33sqm ground level strata-titled shop with 2 security parking spaces. Reverse cycle air conditioned, security alarm, telephone and cable ports, rear access to the courtyard. Currently operating as a laundry shop, the property generates a rental income of $360+GST per week with tenant paying for 50% of strata levies, council, water and sewerage rates. 3 years lease plus 3 years option.

141/18 Buchanan St $176K Retail Great Opportunity for Business Starters This ground level retail shop is located beneath the luxury residential block. This modern open plan 28sqm space was used as a retail outlet, surrounded by convenient store, Cafļæ½ and beauty shops. It is offered with one security parking, reverse cycle air conditioning, security alarm, telephone and cable ports. And it also have the access to the facilities in the block, including pool, gym, sauna and spa. Expected gross rental income approx $300 per week. This shop will offer tremendous potential for both business operators and property investors.

Shops QG8 & QG9 / 8 Quay St Sold $730,000+GST Retail This strata-titled retail property is currently divided into 2 shops on Quay Street level of Prince Centre located within the Chinatown precinct. Both shops are vacant with a total area of 104 sqm plus 30 sqm of security parking space for 2 cars on basement level. Only a short walk to Central Station, UTS and close to tourist attractions like the Paddys Market and Darling Harbour. Occupants in the building include Insearch College, education consultants, professionals as well as various restaurants and eateries.

Shop 3/ 45-55 Harris St SOLD $125,000 Retail Entry Point to Retail Property Investment A rare opportunity to acquire a 6 sqm ground level shop with one secured parking space above the John Street Square light rail station in Pyrmont. Outdoor seatings available in front of the shop and plenty of street parking around the area. The shop is occupied by a café §enerating a gross rental income of $10,140 pa. Current lease expires August 2007 with 4 years option. Tenant contributes to 50% of outgoings. John Street Square, bounded by Harris, John and Harvey Streets, comprises of a retail plaza surrounded by residential blocks on top of the light rail station serving the residents of Jackson?s Landing and Pyrmont Point area.

92 McEvoy St SOLD $920,000+GST Retail This is a freehold property sitting on approximately 290 square metres of land with rear lane access. The property was fully refurbished with a new 3+3 year lease commenced in November 2004. Leased to a distributor and retailer of small goods, the property generates a rental income of $70,000 pa plus GST with annual CPI increases. The tenant is responsible to all water charges and insurance. Do not miss out on this opportunity to acquire a freehold retail property on a main access road in this city fringe suburb of Alexandria.

280 Beamish Street, Campsie Sold $1.02 million Commercial Terrace Beamish Street is the prime retail strip of Campsie, the commercial centre of the City of Canterbury. 280 Beamish has a land area of approximately 329 sqm with Woolworth carpark behind its backyard and a block away from the Campsie Centre. This 2-storey freehold commercial property is fully let with gross income around $53,628 pa and both tenancies are subject to a month-to-month lease.

Shop 2, 2-14 Bunn Street SOLD $460,000 Retail Ground floor strata shop of 49 sqm leased to convenience store surrounded by blocks of residential and commercial buildings in the fast growing Pyrmont area. Walk to Monorail Station, Darling Harbour & Casino. Net income approx $610 per week with tenant paying all outgoings. Lease ends Aug 06 with 3 years option.

18 Pacific Highway St Leonards SOLD $1.29 Million Commercial Terrace 3 level freehold property on Pacific Highway opposite St Leonards train station and the Forum. Land size approx 168 sqm with 2 parking spots at rear. Mixed commercial/ residential usage. Leased 3+3 years with gross rental income of $72,721.80 pa (GST inc).

Shop 1, 16-30 Bunn St Pyrmont SOLD $538,000 Retail Surrounded by residential buildings in this popular and fast growing district of Pyrmont, this is a 66 sqm ground level strata-titled shop located within walking distance to Darling Harbour, Fish Market and the Star Casino. Currently operating as a cafe, the property generates a rental income of $600+GST per week with tenant paying for council, water and sewerage rates. Lease ends February 2006 with 2 years option. The shop comes with one security parking space.

281-283 Forest Road Hurstville Sold $1.32 M + GST Retail Single level brick building with a wide shop front of approximately 7 metres facing the busy Forest Road. Land area approx 170 sqm and currently occupied by owner operating as travel agent. Parking at rear is available for lease from the State Rail Authority and plenty street parking close by. Apart from the ongoing vibrant business activities in the area, this property offers enormous potential considering the commitment of Hurstville Council to redevelop and improve the current streetscape along Forest Road over the next few years. Also potential for sub-division subject to approval.

372 Forest Road Hurstville SOLD $1.08 Million Commercial/Retail 2-storey freehold commercial building on approx 240 sqm land located within the shopping and restaurant precinct of Hurstville. Ground level leased to restaurant till June 2005 plus 5-year option to renew subject to market rental. Current gross rental is $ 32,400 pa plus GST. The upper level fetches a gross rental income of $17,400 pa plus GST. A new lease is currently under negotiation.

GF 555 Elizabeth St Surry Hill SOLD $670,000+GST Retail Most of its 8.7 metres frontage is covered by floor to ceiling glass panels fronting Elizabeth Street offering excellent exposure to passing pedestrian and vehicular traffic. Currently occupied by a popular medical centre, this strata-titled property has an area of 118 sqm plus 2 security carspaces and separate storeroom on title. A Commonwealth Bank automatic teller machine next to the glass shopfront which forms part of the property is fetching a rental income of $7500 pa.

38 Atchison St, St Leonards Sold 3.5 Million Commercial This property is a 2 level commercial building conveniently located close to St Leonards train station. The land area is 352 sqm and the total building area is about 440 sqm including 6 undercover security carspaces. The property is currently vacant and it was leased for approximately $160,000 plus GST.

Shop 6&7, 168 Kent St Sydney Sold $1.38 million Retail 213 square metres strata-titled property located on ground level of the renowned Observatory Tower. Currently leased to a contemporary Italian restaurant positioned amongst prestigious residential buildings in Sydney CBD. A new lease commenced on 22 March 2004 for 5 years plus a 5-year option. Gross rental income of $130,000 (GST incl) with annual CPI increase and market review every 3 years. Security tandem parking space of 21 sqm on title to accommodate 2 cars.

162/814 Bourke St, Waterloo Sold $550,000 Retail Facing out to Bourke Street, this is a ground floor retail shop in Crown Square close to Moore Park. It will be serving residents from 2500 apartments when the whole development in Crown Square is completed. With a strata area of 111 sq metres, it has a wide floor-to-ceiling glass shop front of more than 10 metres. Features include internal kitchenette, WC facilities & air-con. Large security carspace for 2 cars on title. Currently tenanted to sub-newsagent.

872-876 Anzac Parade, Maroubra Sold at Auction 3.1 million Commercial/Retail ~ 3 Ground floor shops plus offices on upper floor ~ Freehold investment properties for sale in one line ~ Fully-leased with nett income approximately $138,580 pa ~ Plenty of parking facilities both at the front and rear ~ Positioned at the heart of Maroubra’s commercial & transport hub ~ Opposite the massive Pacific Square development ~ Superb investment opportunity with unlimited potentia

248 Forest Road, Hurstville Sold at Auction $2.146 million Commercial 2-storey freehold building located in the heart of the shopping area in Hurstville close to the train and bus stations and only a few steps away from the entrance of Westfield Shopping Centre. The same tenant has been operating a Chinese grocery on site for the last 12 years fetching rental income of $92,874 plus GST pa.

616 Darling Street Sold $880,000 Mixed Commercial/Residential A 2-storey terrace house in the busy section of Darling Street close to Victoria Road junction. Land size is approximately 170.8 sqm with a frontage of 5.485 m facing Darling Street. The shop on ground level is leased to an antique shop till Oct 2004 for $22,100 per annum plus GST. The rear residential section on the same level is leased at $160 per week. The upper level is a 1 bedroom flat with a new 6-month lease for $220 per week.

766 George Street, Sydney Sold $2.35 M Commercial This freehold double-storey retail property is located at the junction of the busy George Street and Ultimo Road close to Chinatown and Central Station. The property enjoys excellent exposure to passing traffic with traffic lights and bus stop close by. The land area is 148 square metres and currently leased to 2 tenants with a total gross income of $96,988 per annum + GST.

238 Military Road Sold $738,000 Retail This freehold single-storey retail shop is located in the heart of Military Road’s vibrant restaurant strip. The property enjoys excellent exposure to Military Road’s passing traffic and street parking is readily available in front of the shop. The land area is 90 square metres and currently leased to a Chinese restaurant with a fresh lease of 5 years with 5 years option. Gross rental per annum is $ 45,760.

790-798 George Street, Sydney SOLD $8.3 Million Commercial Building 790-798 George Street, also known as Station House is a heritage listed building, situated at a prominent corner position just a block away from Central Railway Station enjoying high pedestrian and vehicular traffic throughout the day. Completed in 1915 and refurbished twice thereafter, the building is an 9-storey building with rendered brick walls and timber flooring. It is serviced by one lift to all floors and the whole building is fully air-conditioned. The building has been awarded heritage floor space of 1,174 sqm under the provisions of Central Sydney LEP 1996 which is included in the sale. Currently fully leased to six tenants with total gross income of $598,943 per annum exclusive of GST. Site area is 323.7 sqm and net lettable area is about 1,760 sqm.

155 Broadway, Ultimo SOLD $830,000 + GST Retail Brand new 110 sqm strata-titled shop face out of the heritage faēade on Broadway is part of The Quadrant, a substantial commercial and residential development by Australand. It is located in the heart of Sydney's university precinct and just a block away from Broadway Shopping Centre. With Broadway being the main thoroughfare into Sydney CBD, the shop enjoys excellent exposure to passing traffic. Potential for the shop is unlimited with 267 new residential apartments plus offices in the Quadrant, and other boutique developments flowering in the neighbourhood. Currently vacant, the shop suits both owner operators and investors, expected rental is around $ 78,000 plus GST. Outgoings approximately $7,400 per annum.

73 King Street, Sydney Sold $1.5M Shop This 98 square metre strata-titled ground floor shop is in the heart of Sydney's business and shopping centre. It is currently leased to a café till June 2004 with 5 years' option to renew. As all outgoings are being paid by the tenant, it enjoys a net income of $76040.40 pa. Don’t miss this rare chance to own a piece of ground floor retail space right in the hub of CBD. Outgoings : Strata Levy 10846.36 pq Council Rate 1018.90 pq Water charges 133.32 pq

Shop 1 & 2, 450 Elizabeth Stre Sold $923,000 Shops Currently leased to Pizza Hut, these two adjoining strata ground level retail shops enjoy excellent exposure to pedestrian and vehicular traffic. Total area is 114 square metres plus two security carspaces on title. Rental income for the last financial year was $ 50,930 with the tenant paying all outgoings except sinking fund. The current lease expires in October 2005 with an option to renew for another 6 years. Rental is to be adjusted annually according to CPI. Strata Levy Admin Fund $10,855.20 pa Sinking Fund $2,205.52 pa Council rate $2,164.60 pa Water charges $830.72 pa Land Tax (2002) $973.38 pa

764 George Street, Sydney Sold $2.48 Million Commercial Building This freehold 2-storey commercial building is located on busy George Street close to Central Station and Chinatown. Excellent pedestrian and exposure with traffic lights and pedestrian crossing right at the front. The land area is 148 square metres with solid tenancy including Optus. Total net income per annum is approximately $107,000 plus GST.

Shop 5, 336 Sussex St, Sydney Sold $1Million Retail Shop Rarely can you find investment opportunities like this stratatitled shop located close to Darling Harbour, Chinatown and the CBD. The shop enjoys high pedestrian traffic and is expected to increase even further after the completion of the nearby residential developments. With a shop area of 68 sqm plus a security parking space it is currently leased to a hairdressing salon till February 2004.

770 George Street, Sydney Sold $10.7 Million Commercial Building This 7 storey office building, located at the corner of George and Barlow Streets is listed on the Central Sydney HLEP 2000 as heritage building. Major refurbishment completed in 1984 and it has a basement car park with entry from Parker Lane. The net lettable area is about 3,000 square metres. The whole building is serviced by 2 lifts.

Suite 95, 515 Kent St, Sydney Sold $560,000 plus GST Office This new strata office on level 2 of the Maestri Towers has a floor area of 124 m² plus 11 m² storage space. It is located very close to Town Hall station, and only a stroll away from CBD, Darling Harbour and Chinatown. Having wrapped-around windows, this open plan office is filled with natural light and provides good exposure to Kent Street. It has internal toilet, wet area, central air-conditioning, carpet and light fittings.

Level 3, 8 Quay St, Haymarket Sold $3.7 million Office A total of 1037 m² of prime office space on level 3 of the Prince Centre in Sydney's Chinatown was sold with 5 security carspaces. The Prince Centre is an office and retail building completed in 1988. The whole of level 3 is currently leased to Insearch, UTS with a net annual income of about $253,500. The lease runs till Nov 2003 with another 5-year option to renew. The building offers central air-conditioning and is serviced by 3 passenger lifts.

Shp 6, 500 Elizabeth St, Surry Sold $425,000 Retail Shop Ground floor strata-titled corner shop, leased to grocery store till August 2004 plus 4-year option to renew. The shop area is 62 sqm and conveniently located off Cleveland Street junction opposite the bus stop. Enjoys both traffic and pedestrian exposure.

750 George Street, Sydney Sold $3 Million Commercial Building Well maintained heritage building over 5 levels plus mezzanine to ground floor retail located on busy George Street just a short walk to Darling Harbour enjoying high pedestrian and traffic flow at most time of the day. The site area is 151 square metres and the net lettable area is approximately 580 square metres. It has double frontage with 6.08 m on George and 5.84 metres along Parker Street.

503-505 Kent Street, Sydney Sold $2.85m Commercial Building Freehold commercial building located behind Town Hall leased to a Japanese restaurant, a Karaoke and a bar. The tavern licence allows the establishments to operate till 3AM. The lease will not expire till November 2004 with a net rental income of $ 197,140 per annum. The land area of the property is 209 sqm with the total lettable area about 544 sqm.

124 Regent Street, Redfern Sold $390,000 Commercial Building Double storey commercial terrace along busy section of Regent Street leased to mixed business- convenience store till September 2003 with an annual income of $17,728. The land area is about 129 square metres and total building area is about 160 sqm. Great redevelopment potential.

Shop 13, 185 Broadway, Ultimo Sold $620,000 Retail Shop Ground floor strata-titled shop with long street front on busy Broadway with bus stop just outside. There are about 500 student accommodation units above the shop and neighbouring shops include medical centre, food court and convenience store. Currently leased to a Turkish Café with gross rental income of $55,000 per annum until April 2002 with 5 years option. The shop area is 67 square metres.