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Offices In Lane Cove, Australia (ref. 31384899)
Date & Time Listed: 2018-06-04 17:31:10 (GMT)
47A Penrose Street, Lane Cove is ideally positioned to
take full advantage of the existing income, with potential
to increase further, & providing the astute investor with an
exceptionally low maintenance investment, with
provisions for a future development (STCA). With
longstanding existing tenants, & potential to occupy or
lease the remaining 162sqm light-filled tenancy, this
boutique freehold delivers efficient floor plates, high
quality amenities and a favorable parking ratio. Window
frontages across on all elevations provide great natural
light throughout each office tenancy.
- NO. OF TENANCIES: 4
- AREA: 717sqm internally
- PARKING: 16 cars hard stand
- SECURITY: Bank guarantees & personal graduates
- ESTIMATED GROSS INCOME: $218,166.00 p.a. + GST where applicable
- OUTGOINGS: $21,411.81 p.a.
- ESTIMATED FULL NET INCOME: $196,754.19 p.a. + GST where applicable
- UPSIDE: The greater of CPI and fixed review (subject to each tenancy)
The property is currently 77% leased with a vacant 162sqm
office suite. The existing tenants have been located within
47A Penrose Street for a combined total of approximately 19
years. The strong construction of the building and simplistic
design will provide for a well-maintained freehold investment
through future years to come. The nearby high density
residential developments are bringing new life and energy to
the surrounding local shops and businesses.
This property is a Office Building for sale.
Price: 4,000,000.00 AUD
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