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Sold on 4 Jul 2013

76/26-32 Pirrama Pyrmont NSW 2009

  • Offices
  • 136 m²
  • Sold, $960,000

Unique JBW ‘Wharf’ Investment New 3 + 3 year lease to Font and Swatch Pty Ltd

A two level spectacular commercial suite of 136sqm offering an elevated mezzanine overlooking an open plan ground floor which breaks out onto its own exclusive deck area. This premises has a galley kitchen and its own toilet/ shower facility and is fully air conditioned throughout plus two strata car spaces. The original steel and timber structure are impressive features of this highly creative space. The premises is leased to Font and Swatch P/L, an established tenant specialising in artwork, design and production services.

Font and Swatch P/L have signed a new 3 x 3 year lease from the 14th June 2013 at $86,215.50 per annum gross plus GST for the suite and $6,000 per annum + GST + levy for a single carspace ($500 per calendar month + GST + levy), a total of $92,215.50 per annum gross plus GST. At present the tenant is utilising both carspaces, but only paying for one, so there is potential for a further $6,000 per annum on top of this overall gross income, or the purchaser may care to utilise this carspace themselves. We understand the tenant has first option over this second car space with an overall gross rental potential $98,215.50 per annum gross + GST. Assuming second carspace is leased and tenant pays City of Sydney carparking levy our estimate is $83,521.90 per annum.

The suite has a prized position on the lower deck of the highly successful & beautifully restored Jones Bay Wharf development on the western side of Pirrama Road, a short waterside walk from Pyrmont Bridge, Darling Harbour + Sydney CBD and nearest light rail station at the Star City Casino. The suite has a northwest aspect overlooking Pirrama Park and Sydney Harbour.

Property Highlights

Property ID2010460685
Date Sold4 Jul 2013
Sold Price$960,000
Floor Area136 m²
Land AreaAsk Agent
Parking2 x Onsite parkings
Building TypePartial building
Last updated  14 May 2013
Map for 76/26-32 Pirrama Pyrmont NSW 2009
Level 7, 219 Castlereagh Street Sydney NSW 2000

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