For Sale
11/800-812 Old Illawarra Road,
Menai 2234, New South Wales
$1,700,000 - $1,800,000
Property details
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Agents
THE INVESTMENT THAT WORKS WHILE YOU DON'T (7% return)
RWC Sutherland Shire is proud to exclusively present this exceptionally well-presented commercial investment featuring an extensive two-level high spec office fit-out and secured by long-term tenant.
While originally configured as an industrial unit, the property has been comprehensively transformed to provide a high-quality corporate working environment across two levels. The bespoke fit-out delivers an impressive combination of offices, meeting and collaborative spaces suitable for a broad range of professional and office-based businesses. The property comprises 233m² on title*, being 183m²* of ground floor area and 50m²* of first-floor office accommodation this is further enhanced with a DA approved additional mezzanine area of 174m²*, which provides an impressive 407m²* of total usable floor space.
The property is occupied by established accounting firm who has occupied the premises for nearly 20 years, with the lease recently varied from 1 August 2027 for an additional three-year term (plus options) at a net rental of $125,000 per annum + GST. The combination of a long-term occupant, substantial passing income and premium existing fit-out creates a compelling commercial investment within the tightly held Menai market.
• High yielding income-producing commercial investment
• Secure long-term tenant - in occupation nearly 20 years
• Approximately 407m²* including additional DA approved mezzanine (DA06/1400)
• Established Menai commercial location
• High-quality office fit-out across two levels
• 2 parking spaces on title plus 26 visitor spaces
For any further information or to arrange an inspection, please contact the exclusive agents.
*Approximately
While originally configured as an industrial unit, the property has been comprehensively transformed to provide a high-quality corporate working environment across two levels. The bespoke fit-out delivers an impressive combination of offices, meeting and collaborative spaces suitable for a broad range of professional and office-based businesses. The property comprises 233m² on title*, being 183m²* of ground floor area and 50m²* of first-floor office accommodation this is further enhanced with a DA approved additional mezzanine area of 174m²*, which provides an impressive 407m²* of total usable floor space.
The property is occupied by established accounting firm who has occupied the premises for nearly 20 years, with the lease recently varied from 1 August 2027 for an additional three-year term (plus options) at a net rental of $125,000 per annum + GST. The combination of a long-term occupant, substantial passing income and premium existing fit-out creates a compelling commercial investment within the tightly held Menai market.
• High yielding income-producing commercial investment
• Secure long-term tenant - in occupation nearly 20 years
• Approximately 407m²* including additional DA approved mezzanine (DA06/1400)
• Established Menai commercial location
• High-quality office fit-out across two levels
• 2 parking spaces on title plus 26 visitor spaces
For any further information or to arrange an inspection, please contact the exclusive agents.
*Approximately
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Contact Brad Lord
Brad Lord
11/800-812 Old Illawarra Road, Menai NSW 2234
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Brad Lord
11/800-812 Old Illawarra Road, Menai NSW 2234