706, Level 7, 109 Pitt Street, Sydney, NSW 2000

Offices

Sold $1,332,000

  • Property ID: 242801
  • Floor Area: 111m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 28/05/2017 111m2 N/A $1,332,000
Investment Suite - 111 Sqm - Quality Fitted Suite

- 111 sqm

- Investment Suite

- Reception, boardroom, 3 offices, coms room, workstations with building storage and great natural light

- Ducted air-conditioning

- Kitchen and bathroom facilities on the floor

- Shower facilities

- 24 hour security access - Parking available in the building

- Above Hunter connection with direct access to Wynard and Barangaroo

- Great local in the heart of Sydney's CBD



Tenancy

Tenant : Details available on request

Term : 3 + 3 years

Commencement : 1st Sept 2015

Rental Reviews : 4%

Gross Rental : $87,041.76 + GST



Less Outgoings (Paid by the landlord)


Council Rates : $2,457.06

Water Rates : $46.80

Strata Levies : $16,982.80

Total Outgoings p.a. (approx.) $19,982.80



NET RENTAL : $67,555.10

ASKING PRICE : $1,332,000 – Sold as going concern

NET YIELD : 5.07% (approx)


109 Pitt Street offers a unique opportunity for small to medium sized businesses to lease a prestige office suite in the very heart of Sydney's CBD.


This totally refurbished building, fastidiously renewed using quality finishes and upgraded services combines outstanding quality, prime location with affordable pricing.
A prime location in the heart of Sydney's financial and core business precinct, Randstad House is situated between Hunter Street and Martin Place and is the first building accessed via the Wynyard underpass from Wynyard Rail Station. Ideally located close to Sydney Stock Exchange, restaurants and the entertainment precinct of Circular Quay, Select House is easily accessed by car, rail, ferry and bus services. Convenient valet parking is provided over 3 levels with security lift access to all floors.


Call Robin Simpson 04262 561 234


Email: robin@bdowling.com.au



All areas 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: 461

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 706, Level 7, 109 Pitt 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 706, Level 7, 109 Pitt 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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