Attention Superannuation Buyers & Astute Property Investors (Leased till 2017)
Returning $560 per week, this 55sqm top floor strata title property houses an established and proven tenant on a fresh 3 year lease.
The Tenancy:
A beauty product company has just moved in after occupying a smaller suite within this building. They have now settled into this larger 3 room suite and agreed on a new three year lease with an option to extend for another 3 years.
The Suite:
Suite 20 is positioned on the top floor with windows overlooking leafy Bayswater & Darlinghurst Roads. The suite attracts good natural light, is well presented and stylish throughout.
The Building:
This building known as “Minton House" was originally built in 1925 and in 2007 was completely renovated. The refurbishment was emphasised on Minton House's art-deco heritage with a modern twist encapsulating 21st century functionality and design.
The Location:
Stamped on the corner of Bayswater and Darlinghurst Roads, Minton House is at the gateway to the Eastern suburbs and is at the heart of Australia’s most iconic and densely populated urban precinct. The bus stop is out front and rail is across the road.
There are two major parking stations a short stroll away. A brisk walk down William Street and you’re in the CBD.
The Lease Agreement:
Rental $29,120 per annum Gross
Lease term 3 years
Lease period 3 years
Commenced 6th June 2014
Expires 5th June 2017
Option period 3 years (market review)
Annual increases 3.5%
The Outgoings:
Water rates $39.28 per quarter
Council rates $295.02 per quarter
Unit levies $1,356.19 per quarter
The Strata Managers:
McCormacks Strata
Ph: 9299 6722
Lot 38 SP 78590
Inspection By Appointment Only