Possessing the top floor of a modern commercial building this tenanted investment with a 5 + 5 year lease reflects a Net Yield of up to 9.6%. Featuring strong fundamentals such as large outdoor entertaining areas, floor to ceiling windows and an appeal that is superior to standard commercial office space this offering will be sure to impress.

Penthouse 506 is leased to Discovery Travel Centre Pty Ltd, whom are the major tenants within the building and have been established for over 25 years.

Benefiting from large balconies to the East & West the Penthouse receives superb district views towards Mosman, Neutral Bay, North Sydney and West towards St Leonards and Chatswood.

We regard this as an excellent long term investment opportunity that is set to benefit from Cammeray’s continuing transformation into a prestigious and thriving North Shore destination.

Investment Features of Penthouse 506 Include:
•UP TO A 9.6% NET RETURN
•5 + 5 year lease to Discovery Travel Centre Pty Ltd
•The tenant has additional retail and office space within 506 Miller St
•Whole strata floor of 550sqm including balconies + 5 secure car spaces
•Two Private Entertaining Balconies with exceptional district views
•Net Rent $221,563.22 + GST
•Offers Over $2,300,000
•Potential for Residential Conversion*
•Comprises two separate strata lots which can be sold individually now or in the future

Value –add investors take note that 506 Miller Street has a mixed-use zoning, potentially allowing for the future conversion of the floor or indeed building subject to council & body corporate approval.


To receive an Information Memorandum or to arrange an inspection through the Penthouse please contact the Exclusive Sales Agents Nick Lowry on 0408 891 3... or Chris Veitch on 0434 566 3.... You can also visit the website at www.506millerstreet.com.au

*Subject to Council Approval