Ground Floor, 161 Walker Street North Sydney NSW 2060

Encompassing the entire ground floor being 216sqm over two strata lots and leased to Dec 2015 with a further 5 year option, this property offers a secure investment with a high yield and is well positioned for capital growth due to its ability to suit retail & office usage.

Positioned on the Northern end of Walker Street within the North Sydney CBD the property is currently leased to Pack & Send who were attracted to the property due to its high exposure position and amenity to North Sydney infrastructure. There is a sublease in place to North Shore Costumes for the rear portion of the tenancy.

With a shortage of retail space available in North Sydney and vacancy rates at a 10 year low of 7.2% this is an opportunity for a switched on investor to acquire a rare asset in high demand with secure income at a net return of up to 9.16%* and a price that equates to a rate/sqm of as low as $3,700/sqm parking!

Gross Rental Income: $103,908.06 + GST
Net Income: $80,669.06 + GST.

*Prices effective of 13th December 2012