The opportunity presents to purchase this freehold building with current lease.
Government Property NSW is the lessee under the initial term until 1st September 2019 with then an option of a further four year term.
Current rental figure is $111,556 pa plus GST which includes a $250 per month license fee for the rear car park.
Fixed rental increase of 2.5% apply annually.
THE BUILDING
The building has the following setup:
- Hallway/reception.
- Central office/work area.
- Conference room with store room.
- Two interview rooms.
- File room.
- Two offices.
- Staff lounge / kitchen.
- Staff & customer toilets.
The building is fully air-conditioned via ceiling ducts and includes automatic sliding doors and access ramp for the disabled.
AT A GLANCE –
- CONVENTIONAL SINGLE STOREY BRICK BUILDING. C1992.
- CBD LOCATION.
- GOOD QUALITY BUILDING WITH GOOD FITTINGS & FIXTURES.
- HIGH TRAFFIC FLOW.
- ADEQUATE PUBLIC PARKING.
- SECURITY GATES.
- EXISTING GOVERNMENT TENANT.