Property ID : 121951
Sold $5,200,000 - Offices
Strata Titled Opportunity | Fantastic Upside
YOU are viewing an excellent opportunity to secure 3x prime office floors of a unique building in the heart of Spring Hill’s medical, legal and white collar precinct. This property is 53% leased with generally medical / legal tenants offering the astute buyer lots of upside. As an investment vehicle, the strata titled lots are a massive value add as individual lots can be sold separately on a yield basis to such buyers as SMSF investors.
The building itself has great exposure as well as direct access to both Wickham Terrace and Turbot Street. You will have immediate connections to all major arterials inbound and outbound from the city. Take advantage of the dual elevator access to each floor, stunning views of the city from all aspects as well as balconies on many of the strata titled units providing spacious open-air vistas. The ground floor has a large patio at the rear on title and all floors have common area bathrooms. Car park ratio is 1:89sqm NLA. Outgoings: $252,750 pa.
– Building NLAs: Grd Lvl: 349sqm | 2nd Lvl: 446sqm | 3rd Lvl: 454sqm (1,249sqm)
– Building GFAs: Grd Lvl: 434sqm | 2nd Lvl: 506sqm | 3rd Lvl: 516sqm (1,456sqm)
– 577sqm vacant (672sqm leased; returning $303,674 pa Net + GST)
– 14x spaces on title across 2x levels (returning: $44,075 pa Net + GST)
Call Exclusive agent Jeremy Conybeare of FAL Property Group today.