1/40 Ocean Street,
Woollahra, NSW 2025

A great high exposure position! This 128 square metre property offers a rare opportunity to a secure a prime commercial premises just metres from Queen Street shopping village and a short walk to Edgecliff Station and Double Bay. Located at the intersection of Forth and Ocean Streets, Woollahra, the current tenant; "Imagine This" has been trading from the same position for over 18 years. There is new 3 x 3 x 3 years lease showing a rental of $120,000 p.a.. Full floor to ceiling high exposure front window, main retail area with kitchen/office, rear parking, toilet and a separate l/u storage area. The building was fully redeveloped in 2003 and shows excellent tax advantages. Alternatively the property can be offered with vacant possession offering an opportunity for an agency, gallery or medical Centre. Outgoings: Strata levy $2542 per quarter, Council rates $1023 per annum. Water rates $740 per annum.