Shops 1 & 2 Pitt street, REDFERN NSW 2016
Total Area: 134 m2
I.B Property is pleased to offer shops 1 & 2 in the esteemed Alchemy development. Alchemy is a landmark building in Redfern that was revived and re-imagined by award-winning architects Lawton Hurley. Located on the corner of Pitt and Redfern Street and home to Fern St Eatery, Bart Jnr & Juan Bowl & Tea.
The net lettable area is 134 square metres (approx..) and a net income of $120,000 per annum + GST occupied by the areas best F&B operator.
Theses vibrant ground-floor retail spaces feature opulent fit outs and are considered to be an urban hotspot in the area’s newest mixed-use development. In labelled as the ‘new Surry Hills’, Redfern has evolved into a highly sought-after suburb as retailers and commercial operators have rushed to be a part of.
Alchemy’s strategic corner location in the heart of the village is 500m to Redfern Station is a favoured destination for young professionals, downsizers, artists and urbanites. Eveleigh Farmers markets, the Carriageworks arts centre as well as Sydney University, UTS and the Australian Technology Park are all within walking distance. Getting around the city is effortless with excellent bus links at the doorstep as well as an ever-growing network of new cycle ways that connect Redfern to Surry Hills, Alexandria, Waterloo and Green Square and the CBD.
Individual shop details:
Shop 1 & 2 – French Bistro Tenant
Annual Net Rental: $120,000 + GST Net Per Annum
Lease term: 5 + 5 Year Lease
Annual Increases: 3%
Bond: 4 months bank guarantee
For more information please contact the below exclusive agent:
Dimitrios Franze – 0406 558 855