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Sold on 25 Aug 2014

52-54 Chandos Street St Leonards NSW 2065

  • Offices
  • 987 m²
  • Sold

SOLD SOLD SOLD - Fully Leased Freehold Investment

The sale of 52-54 Chandos Street, St Leonards represents an exceptional opportunity for investors to purchase a fully leased, recently refurbished freehold commercial investment property with the following key attributes:

• Gross Floor Area of 987sqm + 16 off street car spaces
• Net Income: $289,000 (approx.) at 1/07/2014
• 100% securely leased to exemplary tenants in McGrath Foundation and Commodity Inspection Services (CIS)
• Strong Weighted Average Lease Expiry (WALE) profile of 3.56 years as at 1st July 2014
• Low risk multi-let freehold commercial building with staggered lease expiries
• Recently refurbished modern building with high end finishes, large entertaining deck and light filled office space
• District views to the rear from all levels
• Dual access from Chandos Street and Henry Lane
• Prominently located with excellent exposure and signage rights to Chandos Street
• Future development potential with underutilised floor space ratio and height limits creating opportunity to increase floor space to 1,632sqm (approx.) (STCA).
• Strong growth area with many proposed and approved residential developments in the immediate vicinity
• Exceptional transport links with St Leonards Bus and Rail Interchange within close walking distance.

For further information or to arrange an inspection please contact the Exclusive Agents listed above.

AUCTION

Auction date and time29/05/2014 10:30
Auction locationColliers International Auction Rooms, Level 12, 225 George Street, Sydney

Property Highlights

Property ID2011151316
Date Sold25 Aug 2014
Floor Area987 m²
Land Area653 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  2 Jun 2014
Map for 52-54 Chandos Street St Leonards NSW 2065
Colliers International - North Sydney
Level 42, 100 Miller Street North Sydney NSW 2060

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