Krulis Commercial is pleased to present this rare opportunity to acquire three (3) contiguous whole floors, leased to International tenant; Fitness First.
The property provides an opportunity for astute investors to secure a significant foothold into one of the Sydney's most tightly held commercial precincts, with future potential for positive rental reversion, re-positioning, or re-development (S.T.C.A)
+ Three (3) contiguous whole floors, comprising 2,127* sqm NLA
+ Secure Lease to long standing International fitness operator; Fitness First
+ High ceilings on all floors with abundant natural light from North & South
+ Recently refurbished throughout including air-conditioning upgrade
+ Current NET passing income of $983,678* p.a. (+ GST)
+ Leased until January 2020, with Five (5) year option
+ Commercial Core B3 / 5:1 FSR
The building is prominently located in between the Newland Street & Bronte Road intersections, gaining exposure from Oxford Street Mall & Spring Street. The entrance on Spring Street is perfectly positioned between Westfield Shopping Centre & Easpoint Shopping Centre, poviding ample parking and amenity for staff & patrons. The site is only 160 metres* walk to Bondi Junction bus/rail interchange.
Co-Agent: Max Spartalis
Raine & Horne Double Bay
Mobile: (+61) 418 962 828
Email: max@rhdb.com.au
