Located on the corner of Penrose Street and Johnston Lane just to the west of Burns Bay Road and a short walk to the local shops at Figtree Plaza. Comprises a stand-alone 2 storey commercial building divided into a number of office suites. The building has windows on each elevation providing good natural light. The suites each have air-conditioning, suspended ceilings, carpet and access to common amenities and kitchen. There is surface parking for at least 16 cars accessed from Johnston Lane. The building is 77% leased with a refurbished suite of 162sqm currently for lease. The estimated income, fully leased is approximately $213,500 P.A.. gross. The rectangular site totals 1,121sqm zoned B1, Neighbourhood Centre. The zoning permits various uses including shop top housing. Expressions of Interest close Thursday 20 July.