Shop 1, 599 Pacific Highway,
St Leonards, NSW 2065
Shops & Retail • Offices
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Map of Shop 1, 599 Pacific Highway
PRICE REDUCED - UP TO 8.33% NET!!!
- LEASED TO INTECH CREDIT UNION
- LONGSTANDING TENANT - 6 + 6 YR LEASE
- HIGH EXPOSURE CORNER POSITION
Showing a net return of up to 8.33%. Holding a prime corner position within the landmark Abode Tower (developed by Stockland in 2004), Shop 1 / 599 Pacific Highway, represents an exciting opportunity to acquire a high quality retail/office asset with a strong lease to a long standing and well established credit union.
Key Investment Features:
• QUALITY TENANT: Intech Credit Union (linked to IBM and Telstra) have occupied the space since completion in 2004.
• SECURITY: 6 + 6 year lease, 6 month bank guarantee, 3.25%+ annual rent increases.
• RETURN: Net income of $224,937 p.a. + GST with tenant paying all outgoings.
• QUALITY: split level configuration, modern glass partitioned fit out suitable to a variety of uses and an abundance of natural light.
• EXPOSURE: High visibility corner frontage at major intersection of Pacific Hwy & Albany St offering excellent signage opportunities.
• GROWTH: Situated within the St Leonards/Crows Nest growth precinct with a number of primarily residential developments under planning and construction.
To request a copy of the information memorandum, discuss or arrange an inspection please contact the vendor’s exclusive agents.
Key Investment Features:
• QUALITY TENANT: Intech Credit Union (linked to IBM and Telstra) have occupied the space since completion in 2004.
• SECURITY: 6 + 6 year lease, 6 month bank guarantee, 3.25%+ annual rent increases.
• RETURN: Net income of $224,937 p.a. + GST with tenant paying all outgoings.
• QUALITY: split level configuration, modern glass partitioned fit out suitable to a variety of uses and an abundance of natural light.
• EXPOSURE: High visibility corner frontage at major intersection of Pacific Hwy & Albany St offering excellent signage opportunities.
• GROWTH: Situated within the St Leonards/Crows Nest growth precinct with a number of primarily residential developments under planning and construction.
To request a copy of the information memorandum, discuss or arrange an inspection please contact the vendor’s exclusive agents.
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Property ID: 501278995Last Updated: 12 Mar 2015
Shop 1, 599 Pacific Highway
St Leonards, NSW 2065
Colliers - Sydney NorthLevel 42, 100 Miller Street
NORTH SYDNEY, NSW 2060
NORTH SYDNEY, NSW 2060
Contact Agency
CI Australia Pty Limited - NORTH SYDNEYLevel 7, 2 Elizabeth Plaza
NORTH SYDNEY, NSW 2060
NORTH SYDNEY, NSW 2060
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