1 Smith Street, HYDE PARK QLD 4812
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- 20 Oct 2016
Absolute Exposure - 36000 Vehicles Pass Daily
Take advantage of massive exposure with thousands of vehicles passing every day. This two level office building is ideally positioned fronting Woolcock Street is now available for sale and lease. Accessed via Smith Street this low maintenance property presents well and features a total net lettable area of 321 m2 inclusive of four individual office tenancies each 80m2 approx.
All tenancies feature excellent natural light, massive signage opportunities and onsite parking, plus split system air-conditioning, some existing partitioning and kitchenettes. Amenities are shared on the first floor.
The brick constructed building is located on a 691m2 lot with more than 32m of frontage to Woolcock Street. It features 9 onsite car parks plus a small area of land leased to a national telecommunications provider for circa $15,000 pa until the mid-2035. One of the internal tenancies is currently leased on a short term basis.
This high profile office building is suited to both owner occupiers and investors and is a perfect opportunity for a flexible commercial investment property with potential upside through leasing or strata titling.
- NLA: 321 m2; GFA: 400 m2
- Land: 691 m2; Zoned: Centre Frame
- 4 x 80 m2 (approx.) office tenancies
- Potential Return: $76,098.43 pa net (fully leased)
- 32m frontage to Woolcock Street
- Long term land lease to NextGen
- Circa $15,000 pa expiring mid 2035
If you require further information or would like to arrange an inspection, please contact:
Neville Smith - 0438 765 087
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
1 Smith Street HYDE PARK