163 Norton Street, Leichhardt, NSW 2040

A precious opportunity to acquire this mixed-use freehold property with immediate secure income and future development upside. Strategically located at the busiest intersection in Leichhardt's commercial precinct, the property benefits from incredible vehicular and foot traffic 7 days a week in this popular Inner West suburb. Currently leased to a prominent licensed Italian restaurant, trading for over 15 years. > 315sqm building area across two levels with On Premise Liquor Licence (Primary Service Authorisation) > Strategically located in Norton Street precinct, one of Australia's 3 'Little Italy' Heritages > Secure rental income leased to a prominent licensed Italian restaurant 'Aperitivo' which has been trading for over 15 years, on a secure 5 + 5 + 5 year lease with a rental of $144,200 per annum gross plus GST > 100% of Council Rates, Water Usage, Water Sewage and Drainage & Trade Waste Collection paid by the tenant > CPI Increase and Market Review at option > Strategic position and prime location in the heart of Norton Street and surrounded by popular neighbours: Bar Italia, The Royal Leichhardt, Mezzapica Café & Cakes, Café Jolly, Chemist Warehouse, Australia Post, Leichhardt Town Hall and Palace Cinemas *All amounts, areas and distances are approximate Auction Details: For Sale by Auction on Tuesday, 9th July 2024 In Rooms & Online, 50 Margaret Street, Sydney NSW 2000