Unit 25, Level 5, 88 Pitt Street, Sydney, NSW 2000

Offices | Medical

Sold

  • Property ID: 309821
  • Floor Area: 42m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 22/11/2018 42m2 N/A Contact Agent
Investment or VP - Fitted Suite - Core CBD Location

- 42 Sqm

- Investment opportunity or can be available as vacant possession

- Fitted out modern office space with reception area and 2 offices/meeting rooms

- Individually A/C controlled

- Great natural light and outlook onto Hosking Place

- Opportunity for private onsite parking

- Rooftop terrace

- Close to Martin Place, Circular Quay and major transport links

- Sydney CBD Core



Tenancy Details
Lease Term : 3 years
Tenant : Details on request
Commencement : 28th Feb 2017
Expiry : 27th Feb 2020
Rent Reviews : CPI
Office Rental : $27,502.44 + GST per year

Less Outgoings - Units Combined
Council Rates : $1,046 p.a.
Water Rates : $70 p.a.
Strata Levies : $4,698.84 p.a.
Total $5,814.84 p.a. (approx.)



Summary

Net Rental: $21,687.60

Asking Price: $588,000 (To be sold as a going concern)

Net Yield: 3.68% (approx.)



Robin Simpson 0426 251 234 or 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: 617

Sydney Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $10274 $640 6.23%
Offices $10378 $772 7.44%
Industrial --- $591 ---
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 Unit 25, Level 5, 88 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 Unit 25, Level 5, 88 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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