222 Queen Street, ST MARYS NSW 2760
$1,200,000.00 + GST
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- 4 Nov 2016
Investment + Occupy Opportunity | St Marys
This investment and occupy opportunity is located in the prominent corner location of St Marys shopping strip and busy Queen Street and can be purchased as one whole building.
The self-managed strata property consists of two (2) ground floor shops and a first floor office that comes with air conditioned partitioned offices, and separate staff amenities.
This building is part of a future redevelopment site (STCA)
Shot 1 - 90m² (approx.) with Additional 9m² (approx.) of common bathroom area
Good exposure with signage potential located on the corner of Queen Street and King Street.
• Business Name: Financial Guru Pty Ltd
• Current rental: $25,492.50 p.a Gross + GST
• Annual increase: 3%
• Option/Review: 2 Years. Ratchet clause applies
• Bank Guarantee: $6,050
• Lease expiry 1st February 2018
Shop 2 -35m² (approx) with additional 5m² (approx.) of common bathroom area
Good signage potential facing King Street.
When fully leased again, this rental return would expect to be $13,400 p.a + Net + Outgoings + GST
Shop 3 -141m² (approx.)
This office space is located on first floor with partitioned offices and staff amenities.
Currently vacant but when fully leased can expect a rental return of $28,000 p.a Net + Outgoings + GST
Current Total complex outgoings is $8,200.
On a fully leased basis with a rental expectation of $66,492.50 p.a. Net plus GST (approximately.) it would reflect a 5.57% Yield.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
222 Queen Street ST MARYS