Shop 1, 599 Pacific Highway,
St Leonards, NSW 2065

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.