Suite 5, 257-259 The Entrance Road, Erina, NSW 2250

Offices

Sold $1,250,000 Under Offer

  • Property ID: 412989
  • Floor Area: 251m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 251m2 N/A N/A
BEST INVESTMENT, BEST LOCATION, BEST PARKING, BEST YIELD (7.11%)!

Tenanted Investment With Fixed Increases!!

Property Highlights:
- Suite 5A (Tenant 1) 3 year net lease, expiring March 2024 + 3 year options
- Suite 5B (Tenant 2) 3 year net lease, expiring December 2023
- Tenants pay 100% of outgoings, as per Lease.
- Impressive office fit out

Description:
Beautifully fitted out office space with an abundance of natural light, modern amenities and located in a busy location, positioned on the corner of two (2) main roads with basement car parking.

Both tenants pay the outgoings, as per the lease.

Fixed 3% annual rental increases.

Tenant 1: Stevens Group is a leading Property Developers head office and has a 3 Year lease to 2024 + options to 2027.

Tenant 2: Professional Real Estate Agency has a 3 Year lease to December 2023.

Total net Income: $88,915.20 per annum + GST
Tenant 1 net income: $57,963.72 per annum + GST
Tenant 2 net income: $30,951.48 per annum + GST

Express your interest TODAY & call NOW!!


Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to LJ Hooker Commercial Central Coast by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.

Erina Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $174 ---
Retail --- $483 ---
Offices $10870 $458 4.21%
This is the average advertised price, rent and yield for Erina, NSW 2250*

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.
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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™.
  • 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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