1, 263 Clarence Street, Sydney, NSW 2000

Offices

Sold

  • Property ID: 241116
  • Floor Area: 402m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 13/06/2017 402m2 N/A Contact Agent
Investment For - 402 Sqm + Car Space + Storage

- 402 sqm Whole Floor + Car Space with stacker + storage area

- Investment Floor

- Impressive fitout with reception, meeting room, boardroom, 4 executive offices, kitchen, 2 storerooms, utility area and open plan area for over 20 workstations

- Great natural light with outlook onto Clarence Street

- Close to Town Hall, QVB and mayor transport links

Tenancy details

Lease Term: short term lease in place

Original commencement: 1st February 2014

Gross annual rental: $197,340 + GST

Rent review: 3% for Feb 2018

Note: Lot 22 Storage area has not been rented out

Gross Rent: $197,340

Less outgoings: $59,576

NET RENTAL: $137,764

ASKING PRICE: $3,250,000

NET YIELD : 4.2% approx.



Location
263 Clarence Street is situated on the western side of Clarence Street, between Market and Druitt Streets. This property is in the fast redeveloping western precinct of the Central Business district. 263 Clarence Street is conveniently located to the Town Hall bus/rail interchange, the QVB and Pitt Street Mall Shopping precinct as well as Cockle Bay/Darling Harbour. 263 Clarence Street also provides easy access to the Harbour Bridge and Western Distributor.



Call Robin 0426 251 234

Email: robin@bdowling.com.au



All areas and figures are approx. only. The information herein has been supplied to us. In passing the information on, it should be noted we so without any representation on our part to its truth or accuracy. All interested parties should make their own enquires, and obtain their own independent advice, in order to verify the information.

Property Code: 457

Sydney Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $591 ---
Offices $10528 $769 7.30%
Retail $10619 $624 5.88%
This is the average advertised price, rent and yield for Sydney, NSW 2000*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 1, 263 Clarence Street, Sydney, NSW 2000. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 1, 263 Clarence Street, Sydney, NSW 2000. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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