Unit 35 at Lane Cove Business Centre, 2 Chaplin Drive Lane Cove is a modern office and storage suite in a prime position at the front of the estate. The unit was constructed in 2001 and comprises ground floor storage, office and showroom and first floor office with extensive fitout. The property is fully leased to Phenomenex Australia Pty Ltd expiring 30/11/2020. The tenant does not have an option to extend, giving the owner the opportunity to offer the tenant an extension, re-lease the property or move into the premises if preferred. Current rental is $63,960 pa and the tenant also pays outgoings and GST on top of this rental. Note that the tenant does not pay property management fees ($3,000 pa approx.) so this should be allowed for by the owner. The net rent will increase by 4% on 1/12/19. The tenant has provided a security bond of $40,958.99.
The property has a total lettable area of 248m2 being first floor office of 142m2 and ground floor showroom, technical or storage area of 106m2. There are also five parking spaces on title, being four in the secure basement and one at the entry to the property on the ground floor. The property offers high quality accommodation and the estate of 40 units has currently only one vacancy.
The tenant Phenomenex is a biotechnology company based in Torrance California. It is a division of Danaher Corporation. Phenomenex was founded in 1982 and acquired by Danaher in 2017. Danaher is a multi-national corporation listed on the New York Stock Exchange.
This unit is one of the best in the estate with two frontages, one to Mars Road and one to the internal driveway. It would suit an investor or alternatively an owner-occupier who can acquire the property now and move in late in 2020. For further details and a copy of the lease, please contact Jason Glass on 0409 326 266 or jason@glassproperty.com.au.


 The Lane Cove Business Centre development is located on the corner of Chaplin Drive and Mars Road in the Lane Cove Business Park. The park enjoys excellent access to Epping Road and is within 5 minutes drive to North Ryde or the M2 Motorway and the greater west.
