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569-581 George St - The Summit 419 SF Retail Condo Unit in Sydney, NSW 2000
Investment Highlights
- Close proximity to Chinatown and Sydney’s entertainment district
- Fully equipped with air conditioning and on-site sink
- Located in Summit Arcade, high-traffic CBD retail hub
- Steps from Metro, Train, and Light Rail; opposite World Square
- Wide shopfront providing strong street presence
Executive Summary
Strategically positioned in Sydney CBD’s vibrant retail hub, Shop 187 within Summit Arcade offers a prime opportunity for investors seeking a compact, income-generating asset in an unbeatable location. Spanning approximately 39 m² (28 m² shop + 11 m² storage), this retail space combines high exposure with functionality, featuring wide frontage, integrated fittings, air conditioning, and convenient water access via an installed sink. Located opposite World Square and moments from major precinct connections, including Chinatown, Town Hall, Sydney Metro, and light rail networks, this property sits in the core of Australia’s busiest shopping and dining corridor, ensuring consistent pedestrian exposure and demand.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | CP/SP65111 |
| Sale Type | Investment |
| APN/Parcel ID | CP/SP65111 |
Description
Strategically positioned in Sydney CBD’s vibrant retail hub, Shop 187 within Summit Arcade offers a prime opportunity for investors seeking a compact, income-generating asset in an unbeatable location. Spanning approximately 39 m² (28 m² shop + 11 m² storage), this retail space combines high exposure with functionality, featuring wide frontage, integrated fittings, air conditioning, and convenient water access via an installed sink.
Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.
Located opposite World Square and moments from major precinct connections, including Chinatown, Town Hall, Sydney Metro, and light rail networks, this property sits in the core of Australia’s busiest shopping and dining corridor, ensuring consistent pedestrian exposure and demand.
Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.
Located opposite World Square and moments from major precinct connections, including Chinatown, Town Hall, Sydney Metro, and light rail networks, this property sits in the core of Australia’s busiest shopping and dining corridor, ensuring consistent pedestrian exposure and demand.
Sale Notes
The retail shop incorporates two professionally fitted changing rooms, making it ideal for fashion or specialty retail usage. A sink inside the tenancy caters for flexible operations, while air conditioning delivers occupant comfort for staff and customers. The vacant storage room enhances additional income potential or supplementary business use, creating versatility in current investment and long-term capital strategy.
Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.
Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Shop 187 | 419 SF | Retail | Upon Request | - |
Unit Shop 187
| Unit Size |
| 419 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit Shop 187
| Unit Size | 419 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| APN/Parcel ID | CP/SP65111 |
| Description | |
| Strategically positioned in Sydney CBD’s vibrant retail hub, Shop 187 within Summit Arcade offers a prime opportunity for investors seeking a compact, income-generating asset in an unbeatable location. Spanning approximately 39 m² (28 m² shop + 11 m² storage), this retail space combines high exposure with functionality, featuring wide frontage, integrated fittings, air conditioning, and convenient water access via an installed sink.<br> Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.<br> Located opposite World Square and moments from major precinct connections, including Chinatown, Town Hall, Sydney Metro, and light rail networks, this property sits in the core of Australia’s busiest shopping and dining corridor, ensuring consistent pedestrian exposure and demand.</li></ul> | |
| Sale Notes | |
| The retail shop incorporates two professionally fitted changing rooms, making it ideal for fashion or specialty retail usage. A sink inside the tenancy caters for flexible operations, while air conditioning delivers occupant comfort for staff and customers. The vacant storage room enhances additional income potential or supplementary business use, creating versatility in current investment and long-term capital strategy.<br> Currently leased to a long-term tenant with total net rental income of $19,104.30 p.a. + GST, and additional potential from the separate storage component (vacant, estimated at $4,200 p.a. + GST), this property represents strong holding value with reliable income. Offered for sale as a going concern, purchasers benefit from GST-free status at settlement, enhancing investor appeal.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 568,819 SF | Floors | 35 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 19,020 SF |
| Property Subtype | Apartment | Year Built | 2000 |
| Building Class | C | Lot Size | 0.63 AC |
| Total Building Size | 568,819 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 35 |
| Typical Floor Size | 19,020 SF |
| Year Built | 2000 |
| Lot Size | 0.63 AC |
Amenities
Site Amenities
- Controlled Access
- Concierge
- Security System
- Tenant Controlled HVAC
- Corporate Suites
- Video Patrol
- On-Site Retail
- Smoke Free
- Storage Space
- Elevator
- Public Transportation
- Key Fob Entry
- Smoke Detector
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Contacts
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Raymond Yam -
Michael Zhong -
Loyal Property Chatswood
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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569-581 George St - The Summit
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