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Sold on 6 Mar 2019

110-112 Christie Street St Leonards NSW 2065

  • Offices
  • 1,608 m²
  • Sold

TROPHY FREEHOLD OFFICE INVESTMENT

  • Multinational tenant, Fremantle
  • Net passing income: $1,076,754 pa*
  • 7 year lease expiring 2024

CBRE and PropertyFox are pleased to present 110-112 Christie Street, St Leonards to the market. This outstanding freehold office building boasts three storeys of commercial space plus parking for 38 cars and is currently fully leased to Australia’s market leader in the television and digital media industry, Fremantle. Situated adjacent to the existing St Leonards Station and a short walk to the future Crows Nest Metro, the property is set to capitalise on the rapidly growing priority precinct; positioning it as a premium office investment with future development potential.

110-112 Christie Street benefits from the following key attributes:
• Leased to multinational company, Fremantle, who have tenanted the property for over 20 years
• Net passing income: $1,076,754 per annum*
• Seven year lease expiring 2024
• Three storey freehold office building with 1,608sqm* of NLA
• 38 car spaces
• Generous breakout areas – 3 outdoor balconies plus a 195sqm* decked rooftop entertainment area
• Substantial depreciation benefits due to capital works in 2007 and 2018
• Additional FSR and height limit controls proposed in the St Leonards & Crows Nest 2036 Draft Plan
• Located within the rapidly growing St Leonards and Crows Nest Station priority precinct
• Situated adjacent to St Leonards Station and a short walk from the future Crows Nest Metro Station
• 1.5-Star NABERS Energy rating

Interested parties are invited to submit their expressions of interest for the acquisition of 110-112 Christie Street, St Leonards by Wednesday, 27 February 2019 at 4:00pm.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

EXPRESSION OF INTEREST

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Property Highlights

Property ID2014915314
Date Sold6 Mar 2019
Floor Area1,608 m²
Land Area910 m²
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  21 Feb 2019
Map for 110-112 Christie Street St Leonards NSW 2065
Map for 110-112 Christie Street St Leonards NSW 2065110-112 Christie Street St Leonards NSW 2065
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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