Property ID: 19951966
Finished to an exceptionally high standard, saturated with natural light and subject to an envious B4 Mixed use zoning. The sunlit entrance and feature staircase of Unit 2 gives access to multiple work / living spaces, as well as a recently upgraded kitchen, with dishwasher, meeting / boardroom, ample storage throughout, internal bathrooms as well as the sun-drenched courtyard. The current zoning being B4 Mixed use, provides a sensational value add opportunity to convert to residential (SCTA*). The holding income from the sitting tenant provides the new owners the benefit of cash flow during the submission of a D.A.** if desired.
- TERM: 3 + 3 years
- COMMENCEMENT: 01.08.2016
- SECURITY: $21,333,02
- GROSS INCOME: $56,085.16 p.a. + GST
- OUTGOINGS: $9,575.64 p.a. + GST where applicable
- NET INCOME: $45,509.52 p.a. + GST
- UPSIDE: 4% annually & market review at the exercise of option
Nestled in the tree lined streets of North Sydney, with immediate access to caf eateries and local restaurants, whilst also being in immediate proximity to Marist Brothers North Sydney, Monte Saint Angelo’s and a multitude of additional primary schools as well.
Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.
The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.
Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.