Property ID : 116416
Sold $1,200,000 - Offices
*** UNDER CONTRACT*** GREAT INVESTMENT * 8.9% YIELD
YOU are viewing a rare opportunity to purchase a superb investment office unit in the iconic Savoir Faire building on Park Road. This going concern opportunity is just steps away from La Dolce Vita restaurant as well as a plethora of other dining options. Your tenant enjoys a rich lifestyle as their work environment.
Public transport options abound, with the new ferry terminal just a few hundred meters away, so to the train and bus. The unit also comes with 3 dedicated secure parking spaces which carry a current lease value of $300/space/month.
This strata titled unit is a fantastic leased investment with a net income of $107,055 PA with an at market 3 year term (3% annual increases). Annual Outgoings: BCC; $4545 + Body Corp Fees; $12,000.
Features include: reception, boardroom, M/F toilets, ducted AC, kitchenette, storeroom, 6 executive offices and elevator access. Great natural light and excellent views to the north and west.
Call Exclusive agent Jeremy Conybeare of FAL Commercial today.