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27 Albion St 797 SF of Retail Space Available in Waverley, NSW 2024
Highlights
- Prominent street frontage along Albion Street, providing excellent visibility and signage opportunities
- Minutes from Bondi Junction, providing excellent connectivity to major transport routes and the Sydney CBD
- Prime position in the bustling Charing Cross precinct with strong foot traffic
- High pedestrian activity driven by nearby boutique shops, cafés, and established businesses
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 797 SF | Negotiable | $78.50 CAD/SF/YR $6.54 CAD/SF/MO $62,525 CAD/YR $5,210 CAD/MO | TBD |
Ground
Positioned in the heart of the highly sought-after Charing Cross precinct, 27 Albion Street offers a fully fitted restaurant opportunity in one of Sydney’s most vibrant eastern suburbs. This prime location is surrounded by a thriving mix of food, retail, and commercial operators, creating a dynamic environment that attracts consistent foot traffic throughout the day. The property is ideally suited for food and beverage operators looking to capitalize on the strong local demand and the proximity to prestigious schools and affluent residential neighborhoods. The tenancy comes fully equipped with essential hospitality infrastructure, including a grease trap, exhaust system, commercial kitchen, and cool room, allowing for a seamless transition for incoming operators. Internal amenities include well-maintained restrooms, and the property benefits from rear lane access for deliveries and operations. Additionally, one parking space to provide convenience for staff or customers.
- Fully Built-Out as a Restaurant or Café Space
- Closed Circuit Television Monitoring (CCTV)
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 797 SF | Gross Leasable Area | 2,293 SF |
| Property Type | Retail | Parking Ratio | 0.87/1,000 SF |
| Property Subtype | Restaurant |
| Total Space Available | 797 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 2,293 SF |
| Parking Ratio | 0.87/1,000 SF |
About the Property
27 Albion Street, Waverley presents a rare opportunity in the heart of the Charing Cross precinct. It combines storefront retail with upstairs residential space. Situated in the vibrant Charing Cross precinct, this property enjoys exceptional exposure and connectivity. The area is a well-established hub for dining, boutique retail, and professional services, attracting consistent foot traffic from locals and visitors alike. Its proximity to prestigious eastern suburbs schools and affluent residential communities ensures a strong customer base. The property is just minutes from Bondi Junction, providing easy access to major transport links, including bus routes and arterial roads connecting to the CBD and surrounding suburbs.
Nearby Major Retailers
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27 Albion St
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