Empty Glass, Rozelle retail investment premises sell

Empty Glass, Rozelle retail investment premises sell
Empty Glass, Rozelle retail investment premises sell

Two commercial properties on Rozelle's busy Terry Street have sold at auction.

The most expensive property was a 43 square metre space leased to specialist wine merchant Empty Glass, which sold for $700,000 on a 5.41% yield.

They have the lease until 2021, with a five year option to 2026. It rents at $37,856 per annum.

Next doors' property, tenanted by Curti & Co barbershop, sold for $630,000 on a 5.49% yield. They pay $34,611 per annum.

Both properties are located in a near new development and a four percent annual rent increases.

Burgess Rawson agents Michael Gilbert and Dean Venturato sold the properties at auction on Tuesday.

Tags: 
Retail Investment Rozelle

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