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Sold on 28 Jul 2016

30-32 Ocean Street Pagewood NSW 2035

  • Industrial / Warehouse
  • 430 m²
  • Sold

A Fine-tuned Investment

30-32 Ocean Street, Pagewood is the ideal investment the modern investor seeks. A great location, secure tenant, increasing rental income, and an added potential "upside" or exit strategy to further boost value. This exciting opportunity boasts an Eastern Suburbs of Sydney location, an established tenant on long term lease with multiple options, annual increases and market review all on a very well positioned 430sqm of site area in two equal lots with residential zoning, corner position and rear lane access.

This is genuinely the first time the property has been offered for sale in over 68 years and the property has been operating as an automotive workshop since it was built by the vendors' grandfather in 1948. A great opportunity proudly presented by Knight Frank and for sale by Public Auction.

What an opportunity!

•First time offered in over 68 years,
•Long term lease,
•Net income of $74,000 with 3% increase 16/08/2016,
•Residential zoning
•High-side corner position with rear lane access,
•430sqm of site area comprised of two equal lots,
•Eastern suburban Sydney location

For further information please contact the listing agents.

AUCTION

Auction date and time28/07/2016 10:30
Auction locationAuction

Property Highlights

Property ID2012847947
Date Sold28 Jul 2016
Floor Area430 m²
Land AreaAsk Agent
ParkingAsk Agent
Category
Last updated  2 Mar 2017
Map for 30-32 Ocean Street Pagewood NSW 2035
Knight Frank - Sydney
Level 22, Angel Place 123 Pitt Street Sydney NSW 2000

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