MOSMAN OFFICE INVESTMENT WITH SECURE TENANT
With a fresh 5 year lease and 5 year option, it will be hard for investors to look past this outstanding commercial property in the heart of Mosman.
A successful long-term tenant and low strata/maintenance costs, Suites 2 & 3, Level 1, 836 Military Road provides an easy-to-manage investment with minimal risk.
Conversion to residential accommodation is a future value add possibility. Residential subdivision is permitted under the zoning regulations, opening up the possibility to redevelop as one large apartment or two separate residences.
The B2 Local Centre zoning (LEP 2012) allows for a commercial premises to convert to residential flat buildings such as multi dwelling housing or home businesses.
Floor area & layout
This first floor property is spread over 101m, on two titles, Lots 11 & 12 SP 20373.
It encompasses four generously-sized consulting rooms, with well-presented reception and waiting area. Included is a storage room, private kitchen and toilet with shower facilities.
A leafy entrance and elevated frontage provides a private work environment free from street noise.
Features
Long term stable tenant
Close to convenient business facilities
Surrounded by popular cafes, restaurants and shops
Original features like high ceilings and polished hardwood floors
Individual controlled air-conditioning in each room
Prominent Military road signage
Natural light and skylights
Direct access to Military Road
Good staff amenities
Pleasant work environment with large windows and carpet in consulting rooms
Established tenant, Sydney Child Psychology Centre, has thrived in this central Mosman location. Opened for business five years ago, this highly successful family centred psychology practice houses a large team of psychologists, including media personality Dr Fiona Martin.
Location
Located in Mosman village at the intersection with Belmont Road, it is within easy reach of bus transport, major bank and post office, street parking and numerous food and retail outlets.
Gross Income
Rent: $50,000 (+GST) per annum.
Outgoings (TBC)
Strata levies: $2,400 per annum
Council Rates: $2,400 per annum
Water Rates: $1,360 per annum
Net Income
Approximately $43,840
Leased to Sydney Child Psychology Centre on new 5 + 5 year lease (signed 1 December 2015).
CPI increase annually.
