- Unique commercial whole floor strata investment
- High quality property with renewed long term lease
- Securely leased to highly regarded accounting firm
- Tenant has been in business since 1926 (92 years)
- Long term lease expiring June 2023 with 5yr option
- Tenant has occupied the property since 2008 (10 years)
- Fixed 2.5% annual rental increases plus market review
- Rental income: $228,000 per annum plus GST approx.
- Impressive whole floor overlooking Kent Street
- Sub penthouse positioning and excellent natural light
- Four sided window frontage plus balcony access
- Two separate titles providing excellent versatility
- Efficient and easily sub dividable floor plan
- Mixture of exec offices and open work spaces
- Impressive reception area and large boardroom
- Internal kitchen and on floor bathroom facilities
- Boutique commercial building with two lifts
- Well maintained building with low Outgoings
- Popular location in major growth precinct
- Close to Wynyard, Town Hall and Barangaroo
- Surrounded by billions of new CBD development
- Exciting opportunity in tightly held location
SIZE AND LOT DETAILS
Lot 13, Level 6 - 165m2 approx.
Lot 14, Level 6 - 181m2 approx.
Common area - 14m2 approx.
Total area - 360m2 approx.
Rental income - $228,000 per annum approx.
Outgoings - $31,466 per annum approx.
Net income - $196,534 per annum approx.
Date - Tuesday, 30 October 2018 at 10:30am
Venue - Auctionworks Centre, 50 Margaret Street, Sydney
Tim Noonan - 0416 286 129
Jonathon Bull - 0449 286 129
Noonan Property - 02 9231 6000
The above information has been furnished to us by a third party. Noonan & Co Pty Ltd trading as Noonan Property have not verified whether or not the information is accurate and have no belief one way or another in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. Figures may be subject to change without notice.