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Shop 1/599 Pacific Highway
St Leonards NSW 2065
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Sold on 21 Jan 2015

Shop 1/599 Pacific Highway St Leonards NSW 2065

  • Offices
  • 540 m²
  • Sold

PRICE REDUCED - UP TO 8.33% NET!!!

Showing a net return of up to 8.33%. Holding a prime corner position within the landmark Abode Tower (developed by Stockland in 2004), Shop 1 / 599 Pacific Highway, represents an exciting opportunity to acquire a high quality retail/office asset with a strong lease to a long standing and well established credit union.

Key Investment Features

• QUALITY TENANT: Intech Credit Union (linked to IBM and Telstra) have occupied the space since completion in 2004
• SECURITY: 6 + 6 year lease, 6 month bank guarantee, 3.25%+ annual rent increases.
• RETURN: Net income of $224,937 p.a. + GST with tenant paying all outgoings.
• QUALITY: split level configuration, modern glass partitioned fit out suitable to a variety of uses and an abundance of natural light.
• EXPOSURE: High visibility corner frontage at major intersection of Pacific Hwy & Albany St offering excellent signage opportunities.
• GROWTH: Situated within the St Leonards/Crows Nest growth precinct with a number of primarily residential developments under planning and construction.

To request a copy of the information memorandum, discuss or arrange an inspection please contact the vendor’s exclusive agents.

Supporting Documents

Floor Plan

Property Highlights

Date Sold21 Jan 2015
Floor Area540 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Property ID2011411482
Category
Last updated  22 Aug 2018
Map for Shop 1/599 Pacific Highway St Leonards NSW 2065

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Property Highlights

Date Sold21 Jan 2015
Floor Area540 m²
Land AreaAsk Agent
Parking3 x Onsite parkings
Property ID2011411482
Category
Last updated  22 Aug 2018
Level 42, 100 Miller Street North Sydney NSW 2060

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