Krulis Commercial is pleased to present this rare opportunity to acquire three (3) contiguous whole floors, leased to International tenant; Fitness First.
The property provides an opportunity for astute investors to secure a significant foothold into one of the Sydney's most tightly held commercial precincts, with future potential for positive rental reversion, re-positioning, or re-development (S.T.C.A)
+ Three (3) contiguous whole floors, comprising 2,127* sqm NLA
+ Secure Lease to long standing International fitness operator; Fitness First
+ High ceilings on all floors with abundant natural light from North and South
+ Recently refurbished throughout including air-conditioning upgrade
+ Current NET passing income of $983,678* p.a. (+ GST)
+ Leased until January 2020, with Five (5) year option
+ Commercial Core B3 / 5:1 FSR
The building is prominently located in between the Newland Street and Bronte Road intersections, gaining exposure from Oxford Street Mall and Spring Street. The entrance on Spring Street is perfectly positioned between Westfield Shopping Centre and Easpoint Shopping Centre, poviding ample parking and amenity for staff and patrons. The site is only 160 metres* walk to Bondi Junction bus/rail interchange.
Co-Agent: Max Spartalis
Raine and Horne Double Bay
Mobile: (+61) 418 962 828
Email: max@rhdb.com.au
Inspect By Appointment Only
*approximate