Investment | Retail | Medical | Showrooms

Another Commercial Property Sold By Tom Doran 0407 928 324

Retail Investment - National Tenant Covenant - Brand New 5+5 Net Lease

Ideal super fund investment

For auction - Shop 3/323-333 Pacific Highway North Sydney

Introduction: Shop 3 of 323-333 Pacific Highway offers Investors the opportunity to invest in key corner asset that benefits from a long-term blue chip tenant that has been in place since 2010.

The Tenant: Versalux was founded in 1979 and has since grown into one of the largest and most respected suppliers of high performance lighting equipment in Australia and New Zealand. Versalux boast sales offices throughout Australasia in
- Sydney (subject premises)
- Melbourne,
- Brisbane
- Adelaide
- Perth,
- Auckland

Area: Strata area 218sqm excluding parking

Parking: Much sought after 4 security car spaces, located on ground level conveniently off Eden lane. (2 unrestricted, 2 subject to share arrangement via by-law)

The Building: The suite is located on the prominent corner of Pacific Highway and Eden Lane, North Sydney. It comprises a low-rise retail/commercial and residential strata units constructed in 2004.

Lease Details
Lease Term: 5 + 5
Net Income: $101,000 net p.a + GST

Inspection Details
Wednesdays and Saturdays: 1.15-1.45PM or strictly by appointment

Auction Details (if not sold prior)
Auction Date: Thursday the 22nd of June 2017
Auction Rooms: Cooley Auction Centre CBD DEXUS Place - L5, One Margaret Street Sydney

For an information memorandum or if you have any further questions please contact Rick or Tom Doran

Tom Doran
Associate Director – Retail Sales and Leasing, Project Marketing and Development Sites
(p) 9953 3400
(m) 0407 928 324
(e) tom@dorancommercial.com.au

Rick Doran
Commercial Sales Director
(p) 9953 3400
(m) 0408 674 623
(e) rick@dorancommercial.com.au