203 & 208, 506 Miller Street,
Cammeray, NSW 2062
Offices
Price information
Sold
Contact Agent
Key property information
Floor area
Car spaces
Parking info
Property extent
Zoning
Tenure type
Sold on
Return
Map of 203 & 208, 506 Miller Street
UNDER CONTRACT - PRICE ADJUSTMENT - 5.5% NET WITH SECURE GROWTH
- Credible Rental Upside
- Longstanding Tenant
- High Quality Office Space
506 Miller Street is located within the affluent suburb of Cammeray which offers the best of both worlds being situated within close proximity to both the Sydney and North Sydney CBD whilst reaping all of the benefits of ‘Cammeray Village’, a vibrant and eclectic area well known for its mix of popular café’s, restaurants, gourmet food stores and specialty shops.
Suites 203 & 208 comprises of two strata lots with a combined NLA of 128sqm with secure parking for 1 car. The property is currently under-rented receiving only $328/sqm Gross + GST + parking. This low rent base will provide future rental and capital growth for any disconcerting investor.
Suites 203 + 208 / 506 Miller Street are currently Leased to Actuate Accounting on a 3 + 3 + 3 year lease. Actuate also occupy Suite 202 and have demolished the inter tenancy wall to create a light filled commercial office with glass partitioned offices, meeting rooms, open plan and break out facilities.
• SIZE: 128sqm
• PARKING: 1 secure car space
• LESSEE: Actuate Accounting Pty Ltd
• LEASE TERM: 3 + 3 + 3 years
• LEASE COMMENCEMENT: 1st February 2017
• LEASE EXPIRY: 31st January 2020
• NET INCOME: $38,225 (approx.) + GST as at Feb 18
• UPSIDE: 3% Fixed Increases
To receive an Executive Summary or to arrange an inspection through please contact Nick Lowry on 0408 891 376.
Suites 203 & 208 comprises of two strata lots with a combined NLA of 128sqm with secure parking for 1 car. The property is currently under-rented receiving only $328/sqm Gross + GST + parking. This low rent base will provide future rental and capital growth for any disconcerting investor.
Suites 203 + 208 / 506 Miller Street are currently Leased to Actuate Accounting on a 3 + 3 + 3 year lease. Actuate also occupy Suite 202 and have demolished the inter tenancy wall to create a light filled commercial office with glass partitioned offices, meeting rooms, open plan and break out facilities.
• SIZE: 128sqm
• PARKING: 1 secure car space
• LESSEE: Actuate Accounting Pty Ltd
• LEASE TERM: 3 + 3 + 3 years
• LEASE COMMENCEMENT: 1st February 2017
• LEASE EXPIRY: 31st January 2020
• NET INCOME: $38,225 (approx.) + GST as at Feb 18
• UPSIDE: 3% Fixed Increases
To receive an Executive Summary or to arrange an inspection through please contact Nick Lowry on 0408 891 376.
Property ID: 502543874Last Updated: 4 Jun 2024
02 9925 00...
203 & 208, 506 Miller Street
Cammeray, NSW 2062
Stanton Hillier Parker International - North SydneyLevel 7/ 2 Elizabeth Plaza
NORTH SYDNEY, NSW 2060
NORTH SYDNEY, NSW 2060
Contact Agency
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Shop 2,, 467-473 Miller Street,Cammeray, NSW 2062 120 m²Shops & Retail • Medical & Consulting • Offices