68 Albany Street is home to McCombie Associates Psychologists, which has been operating for over 30 years.
The property is zoned Business and enjoys a favourable CBD location, which is very popular with the medical and financial fraternity and other professionals.
The investment is being offered for sale on a sale and leaseback basis.
McCombie Associates Psychologists are offering a 3+3+3 year lease from the date of settlement.
The commencing net annual rental will be $59,090 ($257/m2) plus GST plus outgoings.
The rental will be reviewed annually with the CPI and to market at the start of the three year options.
The recently refurbished building is fully partitioned and accommodates very well maintained, modern office accommodation.
Internal accommodation includes carpeted flooring, painted walls and high ceilings.
Accommodation includes reception/waiting area, eight partitioned consulting rooms with individual air conditioning, kitchen, file storage and two toilets.
Disabled access and toilet are provided.
Offices facing Albany Street have thicker glazing to prevent vehicular noise.
Onsite car parking for 10 vehicles is accessed via the rear lane.
The building accommodates an approximate gross leasable area of 230m2 and is in an excellent state of repair.
The level rectangular site has a total area of some 809m2 and enjoys approximate street and rear lane frontages of 16 metres.
The asking price of $750,000 shows an excellent net annual return of 7.9%.
Features of this outstanding investment include:
- Long term leaseback
- High quality tenant
- Fully refurbished building
- Very well maintained accommodation
- Popular CBD location
- Accessible price range
- Attractive net return
- Large site area
If you've been looking for a low maintenance, secure investment, with an attractive return and accessible price range then CALL NOW!!!
For all further details on this outstanding investment, contact exclusive marketing agents LJ Hooker Commercial:
