PropertyFox

For Sale

Level 1 Suite 9, 26-30 Atchison Street, St Leonards NSW 2065

  • Building Area 145 m²
  • Sale Price Contact Agent

STRONG RETURN. STRONG LOCATION. UNDERDEVELOPED BUILDING.

Highlights

  • Underdeveloped Building
  • Strong rental returns
  • Car space in a prime St Leonards area

Description

Look no further for the perfect investment opportunity! Unit 9, 26-30 Atchison St offers the potential for a high yielding, long-term, set and forget investment. Both the under-construction Crows Nest Metro + St Leonards Train Stations are within 300 metres of the property, providing convenience for employees and strong growth potential.

Take advantage of this highly sought-after location, within one of the Department of Planning Priority Precinct/Growth Areas; situated seconds from a major future retail hub of St Leonards (St Leonards Square + The Landmark developments)!

Unit 9 is currently the beneficiary of long-term tenants “Network Nursing Agency”. This is a brilliant opportunity to secure a strong rental return, with over three years left to run on the existing lease. The return will only strengthen with 3.5% annual increases each year.

The 145 sqm corner office features a beautiful fitout, incredible natural light from both major street frontages (Atchison + Mitchell St), disabled access, easy access to amenity and a car space on title.
Well-renowned cafe “The Moody Chef” is the prime retail offering on the building’s doorstep.

Key features of this property include:
- Incredible fitout with Suite entrance right outside lift
- Strong rental returns
- Three (3) years left to run on lease (3.5% reviews – expires 31 July 2023)
- Car space in a prime St Leonards area
- Incredible location to new Crows Nest Metro + St Leonards Train Stations
- Development upside within the building (medium to long term)
- Incredible commercial building with disabled access
- Corner suite with two sides of light fronting Atchison St + Mitchell St
- Three street frontages to the building (adds to development potential - STCA)
- Strata Area: 145 sqm + 1 car space 16 sqm on title = 161 sqm


Existing fitout includes:
- Corner office with amazing natural light
- Four glass partitioned offices/boardroom to suit a multitude of users
- Reception area
- Open plan area
- Beautiful finishes

Tenant: Network Nursing Agency Pty Ltd
Lease Commencement: 1st August 2018
Lease Term: Five (5) years
Lease Expiry: 31st July 2023
Rent Reviews: 3.5%
Net Income from 1 August 2020 (Post Settlement): $76,592.63 + GST

Outgoings (Paid by Lessee)

Please contact the exclusive listing agent, Lachlan Worthington for an inspection.

Zoning B3 Commercial Tenure

Tenanted Investment

Pricing

All prices are indicative plus GST (if any).

Sale Car Spaces

1

Building Area 145 m²

Documents

Agents

Lachlan Worthington

Back To Top