SUBURB PRICE GUIDE

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Development/Land For Sale found in NORTH SYDNEY, NSW 2060

FREESTANDING COMMERCIAL INVESTMENT IDEAL...

Investment | Offices | Development/Land

- Fully Leased Income: $3,207,722*
- WALE: 2.5
- Net Lettable Area: 6,023.1sq m* + 77 car bays (75 basement, 2 ground floor)
- Land Area: 1,815sq m*
- Current owners have spent in excess of $4.5m on building upgrades
- Zoned B4 Mixed Use, allowing for conversion to residential (STCA)
*Approx.

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Price: by EOI closing 5pm Wednesday 28 JUNE 2017    Building: 6023m²    Land: 1815m²    Occupancy: Tenanted

Properties located in the surrounding suburbs

RAW REDEVELOPMENT SITE - POSSIBILITIES ABOUND

Development/Land

LARGE LAND AREA APPROXIMATELY 815 SQM WITH HUGE 26 METRE FRONTAGE TO MILITARY ROAD.
* Potential Gross Floor area 2,358 sqm * Building height 16 metres. * Zoned B4 Mixed Use. * Local Council North Sydney. Truly a rare find. There are many variations and possibilities for redevelopment (S.T.C.A.) i.e. Boutique Hotel, serviced apartments, new generation boarding house (80 self-contained suites and retail all subject to council approval) or residential unit redevelopment approx. 26 units and retail. Potential CBD views from redevelopment.
Full report available on request.

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Price: Price Upon Application    Land: 815m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - North Sydney, NSW 2060

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $5805 $599 10.32%
Retail $8461 $639 7.55%
Industrial $451
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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