111a Union Street, a rare opportunity to acquire a fully leased freehold investment located in the centre of McMahons Point.
The building is stunning, with recent renovations and upgraded tenancy. Originally a factory and warehouse, the space is unique and has a high-level sawtooth roof with exposed metal trusses and column free space on the upper level, and further open place work space below.
Two separate street frontages provide access to the secure underground carpark and provide exclusive access for the buildings occupants.
Key property features:
• NLA of 709.8sqm
• Site area of 642.7sqm
• 8 car spaces
• Harbour Bridge and CBD views
• Potential for residential conversion (subject to council approval)
• Recently upgraded air-conditioning system
• New 5-year lease for top floor tenancy
• Dual entrances from Holt and Union Street
• Fully leased net income of approx. $460,000 p.a. + GST
• Close proximity to North Sydney CBD and McMahons Point Village
The property is being sold by way of expressions of interest closing 3th November. Should you want any further information on the property, please contact:
Chris Hartigan – 0410 304 496
Jacob Broxom – 0422 194 532