26/27-29 King StreetSydney NSW 2000
Property Details for 26/27-29 King St, Sydney
Last Listing description (September 2023)
Renewed 5 Year Lease to 2028 + Option
Highly Established Long Standing Tenant
Net Income: $88,900 pa* + GST
This property has the following investment highlights:
+ Renewed 5 year lease to 2028 plus option to 2033
+ Additional $4,800pa + GST for basement storage leased via licensing agreement
+ Peace Harmony Thai: long established Thai cuisine servicing Sydney CBD & surrounding areas
+ Attractive 3.5% pa rent increases ensuring compounding rental growth
+ Landlord friendly net lease with tenant paying all outgoings as per the lease
+ High profile King Street retail position accompanied by high density residential and nearby hotels, strategically positioned directly off the Western Distributor
+ Versatile tenancy offering storage and loading bay access within a high foot traffic area, minutes to Pyrmont Bridge
+ Ideally located in Sydney's thriving hotel precinct next to The Rocks, Darling Harbour and Barangaroo
+ Net Income: $88,900 pa* + GST
Please contact the exclusively appointed sales team for more information.
*Approx
Property History for 26/27-29 King St, Sydney, NSW 2000
- 09 Apr 2026Sold for $1,450,000
- 19 May 2023Listed for Sale For Sale
- 24 Nov 2022Sold for $675,000
Recent sales nearby
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About Sydney 2000
The size of Sydney is approximately 3.0 square kilometres. There are 16 parks, covering nearly 33.5% of the total area. The population of Sydney in 2016 was 17252 people. By 2021 the population was 16667 showing a population decline of 3.4% in the area during that time. The predominant age group in Sydney is 20-29 years. Households in Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Sydney work in a professional occupation.In 2021, 24.20% of the homes in Sydney were owner-occupied compared with 29.10% in 2016.
Sydney has 24,413 properties. Over the last 5 years, Houses in Sydney have seen a 8.00% increase in median value, while Units have seen a -12.46% decrease. As at 31 August 2026:
- The median value for Houses in Sydney is $2,906,879 while the median value for Units is $1,030,706.
- Units have a median rent of $1,000.
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