Address available on request,
North Sydney, NSW 2060

Occupy or Investment under $500,000 with a high Net Return. Currently leased to a long standing solid tenant and will be trouble free investing at its best! The Property is located on one of the upper levels of this popular North Sydney Strata Building and was fully refurbished in mid 2010 so presentation is immaculate. The space benefits from large windows overlooking the Front of the Building as well as great natural light and comes complete with 15 fully cabled Workstations. 1 security car space on title.
The building has recently undergone a number of aesthetic and base building improvements including the entrance foyer in late 2010, the lift interiors and lift motors were upgraded 2009 as well as an Air Conditioning works.
This is a very stable and well maintained strata building and will continue to be a sound investment in the future.
Council Rates: $144.32 per quarter
Strata levies: $3,157 per quarter
Water Rates: $172.35 per quarter
Office Rental: $47,500 gross pa plus GST. 1 car @ $450pm + GST + Levy. Total Gross Income: $52,900pa Current Lease to 31 August 2013. Currently showing 8.38% Net Return at the asking price.