Ray White Commercial is pleased to exclusively offer for sale this ground floor 90m2* strata office suite.
A modern ground floor strata office suite in a two-level complex comprised of five strata units, providing under cover security car parking.
VERY SOLID YIELD RETURN AND CAPITAL APPRECIATION POTENTIAL
The property is tenanted by a successful and well-established allied health specialist focusing on pre and post operative skin correction procedures.
This represents a unique opportunity to acquire a very solid tenanted property with anticipated capital growth along this busy corridor.
The last time this property was traded was 16 years ago, representing a tightly held investment and offers a modern fit-out to compliment the broad appeal and value of the property.
The property has a combination of unique attributes: main road exposure, modern building, single level ground floor entry, security car parking and quality long term tenant with a long lease term to run.
Located along the strong growth corridor extending along Rocky Point Road and onto Taren Point Road, Taren Point, which is in high demand.
FIRST LEASED TO THE CURRENT TENANT IN 2012 - AN OUTSTANDING TENANT.
ADDITIONALLY, THE TENANT HAS JUST UNDERTAKEN FURTHER FIT-OUT WORKS - COMMITTEMENT TO STAYING.
• Current lease commenced in 2021, expires 27/5/2024 and includes 2 x 3-year options.
• Current net rent is $41,663.52 p/a incl. GST and the tenant pays 100% of outgoings.
• Strong securities with a Bank Guarantee & Guarantor.
• 90m2* in total, comprised of 75m2* office + 15m2* car space
The property will appeal to a broad range of investors seeking an A grade property.
FOR SALE via FORTHCOMING AUCTION - UNLESS SOLD PRIOR
Price Range: Seeking expressions of interest
Auction Date: To be confirmed (unless sold prior)
*Approximately
