Ideally located in a high profile corner position with a huge amount of passing traffic, this freestanding retail/office building has recently undergone a major refurbishment and fit out for medical use by the sitting tenants St Vincents & Mater Health Limited. With ground floor and first floor space shared between Pathology and specialists, 198 Pacific Highway allows Pacific Highway exposure for the Mater’s North Sydney campus located on Rocklands Road.
Lease Term: 5 years expiring 22/04/16 + 2 year Option
Current Net Rental: $65,263.00 p.a. + GST (Up To 5% Net Return)
Market Net Rental*: $117,755.00 p.a. + GST (Up To 9% Net Return*)
*Market Rental based on comparable retail & offices currently on market
For sale by negotiation pre auction