Lot 97, 88 Dowling Street, Woolloomooloo NSW

For Sale

Retail

$2.1million

229m2

Lot 97, 88 Dowling Street, Woolloomooloo provides astute investors a rare opportunity to acquire a blue-chip strata asset in one of Sydney's most sought after inner city suburbs;

Features;
+ 229 sqm ground floor strata asset with great street frontage
+ Long lease to Waldorf Serviced Apartments (Australian subsidiary of Daiwa House Group)
+ Eleven (11) plus ten (10) year lease, commenced 1st March 2017
+ Current passing net income of $109,000 p.a. (+ GST), due for increase in March 2019
+ Currently used by Waldorf apartments for guest breakfast & dining, with large commercial kitchen
+ Hassle free investment, with a multitude of future commercial uses
+ Lessee pays for all outgoings

Waldorf Woolloomooloo Waters is prominently located on the picturesque Dowling Street, adjoining the Frisco hotel, and opposite the acclaimed Juanita Nielson Comminuty Centre. The building boasts five (5) levels of serviced apartments located just moments from various Sydney landmarks including Cowper Street Wharf, Harry's Cafe de Wheels and Sydney CBD.

Daiwa House Group is a global giant, listed on the Tokyo Stock Exchange with reported net sales of $3.795billion Yen in 2018, with over 42,000 employees and over 3,000 housing facilities managed across the world.

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