87 Bay Street, GLEBE NSW 2037
Expression of Interest
- PROPERTY DETAILS
- BUILDING DETAILS
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- 16 Dec 2016
EXCLUSIVE RETAIL INVESTMENT OPPORTUNITY
CBRE is pleased to offer 87 Bay Street, Glebe to the market.
The property presents an unrivalled opportunity to acquire a brand new, prime education investment. Located in Sydney's popular city fringe suburb, astute investors are afforded the chance to acquire a secure covenant with a leading college operator bound by a favourable lease structure.
87 Bay Street, Glebe is being offered for sale via Expressions of Interest, closing 10 November 2016 at 5:00PM.
The property benefits from the following attributes:
- Net Income: $2,360,493.71* per annum with rental increases fixed at 3.5%
- 10 year lease to "MHM Australasia" (operating at the premises since 2008)
- Expansive 4,028sqm* internal retail/commercial floor space. Set over 3 levels the property enjoys great street exposure and natural light
- New premises with depreciation benefits
- Prominent city fringe location
- 11 car spaces
For more information, please contact the selling agents.
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
Expression of Interest Details
- Close Date:
- 10/11/2016 17:00:00
- Recipient Name:
- Delivery Address:
87 Bay Street GLEBE