Auction
Shop 6/504 Miller Street,
Cammeray 2062, New South Wales
Property details
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Agents
BLUE-CHIP MEDICAL INVESTMENT TENANT IN PRIME LOCATION
Ray White Commercial Sydney North as the exclusive selling agent is pleased to present Shop 6, 504 Miller Street, Cammeray for sale via Auction.
An exceptional opportunity to acquire a premium strata investment anchored by a highly secure, longstanding medical tenant. Located in the heart of Cammeray's vibrant commercial precinct, this ground-floor property represents the ultimate "set-and-forget" asset, offering outstanding income stability and long-term peace of mind.
The property is securely leased to an established Dental Laboratory, categorized as an 'essential service'. With a new 5 + 5 year lease in place and a highly specialised, capital-intensive fit out, this investment is completely insulated from standard retail market fluctuations.
The property benefits from its proximity to a well-established mix of national retailers and local businesses, including Maggio's, Cammeray Square anchored by Harris Farm, Vintage Cellars, Friendly Grocer, Australia Post, BWS and ANZ, complemented by a variety of cafes, restaurants and boutique retailers.
Key Investment Highlights:
• Blue-Chip Tenant: Leased to a longstanding, essential-service Dental Laboratory, Fusion Oral Art.
• Prime Location: Positioned in the heart of Cammeray surrounded by a mix of well-established national and local businesses.
• Income Stability: Generating a robust Net Income of $103,000 + GST per annum.
• Long-Term Security: Secured by a favourable 5 + 5 year lease.
• True Net Lease: 100% of outgoings are paid by the lessee, maximising your return.
• Guaranteed Growth: Favourable annual rent reviews of 3% or CPI (whichever is greater), ensuring consistent yield expansion.
• Substantial Footprint: 209 sqm* of premium strata area with excellent natural light, plus the ability to park one car.
• Capital Intensive Fit-out: The tenants is deeply anchored to the premises through a highly specialised fit-out, which includes a reception, ceramic area, metalwork area, digital room, plaster room, compressor room, internal bathroom, lunchroom, and office.
*All figures are approximate.
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
An exceptional opportunity to acquire a premium strata investment anchored by a highly secure, longstanding medical tenant. Located in the heart of Cammeray's vibrant commercial precinct, this ground-floor property represents the ultimate "set-and-forget" asset, offering outstanding income stability and long-term peace of mind.
The property is securely leased to an established Dental Laboratory, categorized as an 'essential service'. With a new 5 + 5 year lease in place and a highly specialised, capital-intensive fit out, this investment is completely insulated from standard retail market fluctuations.
The property benefits from its proximity to a well-established mix of national retailers and local businesses, including Maggio's, Cammeray Square anchored by Harris Farm, Vintage Cellars, Friendly Grocer, Australia Post, BWS and ANZ, complemented by a variety of cafes, restaurants and boutique retailers.
Key Investment Highlights:
• Blue-Chip Tenant: Leased to a longstanding, essential-service Dental Laboratory, Fusion Oral Art.
• Prime Location: Positioned in the heart of Cammeray surrounded by a mix of well-established national and local businesses.
• Income Stability: Generating a robust Net Income of $103,000 + GST per annum.
• Long-Term Security: Secured by a favourable 5 + 5 year lease.
• True Net Lease: 100% of outgoings are paid by the lessee, maximising your return.
• Guaranteed Growth: Favourable annual rent reviews of 3% or CPI (whichever is greater), ensuring consistent yield expansion.
• Substantial Footprint: 209 sqm* of premium strata area with excellent natural light, plus the ability to park one car.
• Capital Intensive Fit-out: The tenants is deeply anchored to the premises through a highly specialised fit-out, which includes a reception, ceramic area, metalwork area, digital room, plaster room, compressor room, internal bathroom, lunchroom, and office.
*All figures are approximate.
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
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Contact Scott Stephens
Scott Stephens
Shop 6/504 Miller Street, Cammeray NSW 2062
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Scott Stephens
Shop 6/504 Miller Street, Cammeray NSW 2062