*Land area 683m2 *Zoned commercial *NLA 392m2 - 65% leased *5 Office tenancies with extencive fit-outs *Off-street parking *House your business plus income. Penridge Commercial is pleased to offer for sale by Auction the property located at 37 Pease Street. The subject property hosts exposure to more than 20,000 passing cars daily and offers investors and owner occupiers alike the opportunity to purchase a solid well maintained freehold commercial building.

Improvements to the land area of 683m2 zoned commercial/special facilities, comprise of a two–storey block building with large front concrete hardstand parking area, landscaped front garden and large signage pylon. The building offers a total NLA of 392m2 - 65% leased.

The ground floor of the building houses one office, smart glass front entry to both the staircase leading to the first floor and entry to the ground floor office. A large secure undercover parking area is accessed by a roller door to the front of the building. The ground floor office of 126m2 houses a fixed reception counter, four separate offices, internal storage, kitchen and toilets and is fitted with ducted air-conditioning throughout. An added feature of this tenancy is that it has exclusive use of the undercover parking area. This area has three line marked car parks each with their own secure storage room, commercial grade lighting and a large area that could be used for training or a myriad of uses. The ground floor office is currently vacant.

The first floor of the building comprises of four separate office tenancies of varying sizes each have substantial fit-outs, suspended ceiling and ducted air-conditioning. There are common toilets servicing the area and the hallway access is bright, airy and well maintained. There is only a 12m2 office vacant on this floor.

The building has a good tenancy record and although the tenants on the first floor are on short leases they have been in residence for many years and are on very attractive rentals.

Small investors and owner occupiers alike – this is an opportunity not to be missed to secure a solid, well presented freehold commercial building. Invest and lease the vacant areas that are already attracting strong interest from tenants, or house your business in the vacant areas, and enjoy the income from the rest of the building.