Description:

Award Winning "Mamak" In Chinatown

- Prime Retail Investment
- Three Storey Freehold Property
- Fully Leased Income Returning $418,000

CBRE are pleased to offer for sale 15 Goulburn Street, Chinatown, Sydney. Salient attributes of the property include:

-Prime investment opportunity situated in the heart of Chinatown.
-Three storey freehold property returning approximately $418,000 + GST net p.a.
-Tenants including award winning, the famous Malaysian Cuisine Restaurant “Mamak” on the ground floor, nicely fitted, popular Korean Karaoke Bar / Room “Imperials” on level one and Kung Fu Academy (since 1999) on level two.
-85% of the total rental comes from the two retail tenancies.
-Located next to the prominent corner, neighbouring to Darling Harbour, World Square, Town Hall & Central Station.
-Value-added opportunity – reposition upper level into retail / restaurant or entertainment usage (STCA) to increase total rental income.
-Future redevelopment potential; underutilized site – favourable zoning for commercial / residential / hotel - height control 50 meters, max FSR 8:1 (STCA).
-Rare Chinatown investment opportunity – act now!

Located on the high profile Goulburn Street between Dixon and Sussex Streets in Chinatown, this property represents an outstanding investment opportunity for astute investors to purchase a tenanted investment in one of the most sought after Sydney CBD location.

This property is offered for sale by Auction, 10:30am, Wed 17 October 2012 at CBRE - Level 26, 363 George Street, Sydney, NSW 2000.

Please call or email Dominic today for an inspection or to obtain a copy of the property information memorandum.