23-27 Chaplin Drive Lane Cove is an A Grade office and warehouse facility that is 100% leased to Beckman Coulter Australia Pty Ltd until 30/9/2022 with 5+5 year options. The property is for sale by expressions of interest with the benefit of the long term lease to a blue chip multinational company.

Current net income is $994,058 pa plus G.S.T, however this will increase by 3.5% on 1/10/16 taking the net income to $1,028,885 pa plus G.S.T. In addition to the net rental, the Lessee also pays 100% of property outgoings which for 2014/15 financial year were $161,000 excluding G.S.T.

The facility comprises a high clearance warehouse, extensive office and production areas, on site parking for 72 cars and is fitted out and finished to a very high standard. The building was constructed in 2001 by the current owners who originally owner-occupied the premises. Then in 2012, the Vendor moved its business to a larger facility and shortly thereafter the building was leased to Beckman Coulter.

This is a premium quality building in a prime Sydney location offered with outstanding security of tenure and a strong rental return. The Vendors are offering the property for sale by Expressions of Interest closing 16 June 2016. This is an opportunity not to be missed.

For an inspection or a copy of the information memorandum, please contact Jason Glass on 9418 6555 or 0409 326 2....