- Quality commercial investment property
- Long term tenancy in place
- Net income: $161,129 per annum approx.
- Exclusive terrace overlooking Pitt Street
- 1 car space on title included
- Renewed 1+3+3 year lease
- Excellent natural light
- East, west & north facing windows
- Divided into 4 separate strata lots
- Floor area: 325m2 approx.
- Impressive corporate fitout
- Ducted air conditioning system
- 24 hour security access
- Premier location in major growth precinct
- Views overlooking Pitt Street
- Modern and stylish CBD building
- Landmark location near Martin Place
88 Pitt Street is a modern and attractive commercial building in a superb location near Martin Place. This high profile position is a leading business address and a significant growth precinct due to its close proximity to Wynyard, Circular Quay and Martin Place.
SIZE & LOT NUMBERS
Commercial Suite Lot 62 - 152m2
Commercial Suite Lot 63 - 59m2
Commercial Suite Lot 64 - 54m2
Commercial Suite Lot 65 - 60m2
Single Car Space (Part Lot 62) - 13m2
Total - 338m2 approx
TENANCY STATUS - LOTS 62, 63, 64 & 65
Tenant - Veritas Advisory Pty Limited
Lease term - 1+3+3 years, commencing Jul-2013
Rental - $196,054 PA plus GST approx.
Rental increases - 3% annually
Lease security - Director's Personal Guarantee
OUTGOINGS - PAYABLE BY LANDLORD
Strata levies - $27,286 per annum approx.
Council rates - $6,251 per annum approx.
Water rates - $109 per annum approx.
Land tax - $1,279 per annum approx.
Aggregated taxable land value - $505,691
CONTACT DETAILS
Tim Noonan - 0416 286 129
Ross Ladd - 0449 286 129
Noonan Property - 02 9231 6000
