37-39/35-45 Spring Street Bondi Junction NSW 2022

Auction 11am Tuesday 11 September 2018
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

New 10 year lease expiring August 2028 plus 5 + 5 year options to 2038
Long established medical practitioner, 20 yrs. in this location with extensive fit-out
Large floor area of 255 sqm plus rare 7 car spaces on-title
Prominent position within walking distance to Westfield Bondi Junction and train station
Bondi Junction: affluent Eastern Suburbs retail + commercial hub and family median income 36.3% above state average
Prime top floor position with expansive city & harbour views
Recent high levels of commercial to residential conversions creating lack of premium commercial premises
B4 Mixed Use Zoning allowing potential conversion to residential development (STCA)
Net lease – tenant pays all usual outgoings
Attractive 3% fixed annual rental increases
Easily managed single tenant investment
Net Income: $127,938 pa + GST