Share this property

realcommercial.com.au

Ground Floor, 161 Walker Street North Sydney, NSW 2060

Directions

Ground Floor, 161 Walker Street,
North Sydney, NSW 2060

Shops & Retail

Price information

Sold

Contact Agent

Key property information

Floor area

Car spaces

Parking info

Property extent

Tenure type

Sold on

Return

Map of Ground Floor, 161 Walker Street

Directions

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

Property ID: 500360003Last Updated: 13 Dec 2013

proptrack logo
This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.
02 9925 12...
realcommercial.com.au logo
Ground Floor, 161 Walker Street
North Sydney, NSW 2060
Coutts North Sydney
Level 3, 104 Mount Street
NORTH SYDNEY, NSW 2060

Make an enquiry

What's your enquiry about?

Enter your details

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.