• Category Strata Office
  • Type For Sale
  • Level 7
  • Area m2 277 m2
  • Sale Price (psm) $14,441
  • Sale Price $4,000,000

Location

Superbly positioned in the Sydney CBDs northern financial hub on the western side of OConnell Street. The building provides exceptional staff amenity being within 100 metres of Australia Square and Angel Place as well as being within 500 metres of Circular Quay.


Description

The property comprises a 12 storey Art Deco style office building which was constructed in 1938 and designed by the famous architect Bruce Dellit who also designed the Hyde Park War Memorial. The building was aprtly refurbished and strata titled in 1997. The building is serviced by two passenger lifts.


Premises

Level 7 comprises the entire floor which is fitted out to a high as a law practice and the suite has excellent natural light.


Investment Details

The premises is leased to Esplin Lawyers for three years which expires on 31st May 2022. The current gross annual rent is $163,105 plus GST. There are 4% annual increases. There are no options. The annual outgoings are Council Rates $5,117.73, Water Rates $147 and Strata Levies $34,610 plus GST.


Comments

The property is currently under rented and there is a strong rental reversion.

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