Outstanding opportunity for the astute investor/developer to take advantage of the Value Add potential of this Corporate office building. Currently leased to a government agency with no further options, allows the astute investor or developer the upper hand to negotiate a new lease or vacant possession at the expiry of the term.

– Leased to government agency
– Rental $231,886 per annum
– Lease expiry 1st July 2016
– Options nil
– Building area 1,028.7m² approximately
– Basement 25 spaces
– Zoning | Commercial 1
– Future Development (Subject to council approval)

Sales Analysis*
Marketing Budget$17,292
Sale MethodSold prior to auction
Sale Price$3,600,000
Sale DateNovember 2015
Yield5.83%
Total Enquiry27