A Prime Freehold Terrace In A Premium Retail Location

Mercer Property is delighted to offer 19 William Street, Paddington to the market for sale via public auction. Exceptionally placed in Paddington's most celebrated row of boutique retail, this fantastic property offers purchasers a rare opportunity to acquire a well-leased freehold investment in one of Sydney's most tightly-held premium lifestyle destinations.

Currently operating as a heath therapy business, the immaculately presented terrace consists of ground and first floor consulting rooms and a second floor attic space.

Zoned as B4 mixed use, it allows for commercial, retail and residential uses (STCA) and offers outstanding potential as a superannuation fund or general retail investment.

Consider
• Premier city-fringe location
• Tightly held retail hub
• Secure and well leased investment
• Potential to add additional floor space (STCA)

Tenant: The Dao Health Pty Ltd
Current Gross Passing Rent: $53,292.65 (plus GST) as of October 2022
Term: 2 years
Option: 1 year
Lease Commencement: October 2020
Lease Expiry: October 2022
Increases: 3% per annum
Bank Guarantee: $14,228.50

Terms of Sale
19 William Street Paddington will be offered to the market for sale via Public Auction on the 2nd November 2021 at 10:30am sharp.

AUCTION VENUE: AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney, NSW 2000.

Please feel free to contact the agents to further discuss or to request a contract of sale;

Nik Simonovic: 0415 447 275
Tom Speakman 0412 891 330