Opportunity
Scarcely does an opportunity arise to secure just a world class asset nestled in one of Sydney's elite residential suburbs. The mid to long term angles on the property are vast and include
- Strata and sell off individual lots
- Hold and maintain strong income stream
- Occupy part of the building (residential or office component)
The Location
Cremorne is a thriving suburb located on the prestigious North Shore. Cremorne is mainly a residential suburb, with a prosperous commercial area focused around Military Road. The property is within walking distance of Cremorne Junction, which is home to many retail outlets.
The Building
This mixed-use building is comprised of 4 levels Commercial usage on the ground and first floor, three single apartment levels above and on-site parking located on the ground floor.
Outgoings (approx)
Land Tax: $9,753.80 pa
Council Rates: $5,617.58 pa
Water Rates: $4,641.08 pa
TOTAL: $20,012.46 pa (approx)
Net passing income: $240,000 p.a + GST approx
Depreciation allowances: Available upon request
Investment memorandum: Available upon request
Inspect: Strictly by appointment only
Should you have any questions or require further information please contact Tom Doran on 0407 928 324.
