Ground Floor, 161 Walker Street,
North Sydney, NSW 2060
Shops & Retail
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Map of Ground Floor, 161 Walker Street
Quality Retail Investment - UP TO 9.16% NET RETURN!
- 5 + 5yr lease from Dec 11
- Up to 9.16% Net Return
- Entire Ground Floor
Encompassing the entire ground floor being 216sqm over two strata lots and leased to Dec 2015 with a further 5 year option, this property offers a secure investment with a high yield and is well positioned for capital growth due to its ability to suit retail & office usage.
Positioned on the Northern end of Walker Street within the North Sydney CBD the property is currently leased to Pack & Send who were attracted to the property due to its high exposure position and amenity to North Sydney infrastructure. There is a sublease in place to North Shore Costumes for the rear portion of the tenancy.
With a shortage of retail space available in North Sydney and vacancy rates at a 10 year low of 7.2% this is an opportunity for a switched on investor to acquire a rare asset in high demand with secure income at a net return of up to 9.16% and a price that equates to a rate/sqm of as low as $3,700/sqm + parking!
Gross Rent: 103,908.06 + GST*
Net Income: $80,669.06 + GST*
Net Return: 9.16% *
*Prices effective from 13th December 2012
Positioned on the Northern end of Walker Street within the North Sydney CBD the property is currently leased to Pack & Send who were attracted to the property due to its high exposure position and amenity to North Sydney infrastructure. There is a sublease in place to North Shore Costumes for the rear portion of the tenancy.
With a shortage of retail space available in North Sydney and vacancy rates at a 10 year low of 7.2% this is an opportunity for a switched on investor to acquire a rare asset in high demand with secure income at a net return of up to 9.16% and a price that equates to a rate/sqm of as low as $3,700/sqm + parking!
Gross Rent: 103,908.06 + GST*
Net Income: $80,669.06 + GST*
Net Return: 9.16% *
*Prices effective from 13th December 2012
Property ID: 500360003Last Updated: 13 Dec 2013
02 9925 12...
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