This versatile commercial space offers the astute investor not only a high quality product but also a secure long term lease to a multinational tenant, not to mention a high yield due to the owners desire to secure a speedy transaction.
Completed in 2005, Eden Apartments offers quality residential apartments and ground floor retail/office/showroom space to the North Sydney market. Suite 1 is a unique property comprising versatile ground floor space with an extensive wrap around window frontage with floor to ceiling glass showing off the beautifully landscaped private courtyard. With its high exposure position, internal bathrooms, kitchen and a generous fit out suiting a variety of uses, this property is well positioned to attract tenants in any market.
Area: 476 sqm (internal)
158 sqm (courtyard)
6 car spaces
Leased to Zumtobel Lighting P/L, a high end lighting suppliers with worldwide operations, this property offers secure income with the initial lease in place until September 2016 with further options. With 100% of outgoings paid by the tenant including maintenance & repairs, this truly is a hassle free investment that you can bank on.
Leased To: Zumtobel Lighting P/L
Lease Expiry: 30 September 2016
Option: One of 3 years
Net Rent: $206,348 58 p.a. GST (as of 1 Oct 2012)
Due to a real requirement to sell, the owners of the property have set a pricing structure that delivers an above market return of up to 9.25% net. With the added benefit of depreciation, this property offers a quality product, secure lease and high yield.
Best Offer Over $2,230,000
