Glass Property Consultants is pleased to offer for sale a choice of two prime quality office/light industrial units in Lane Cove, both of which are fully leased. Buy one or buy both.

Unit 35 is 248m2 of first floor office and ground floor technical area, storage or showroom. It is leased to Phenomenex Australia (part of the global Danaher Group) until 30/11/2020. Current rental is $63,960 plus the tenant pays outgoings (except property management) and GST on top of this rental figure This property could suit an investor or owner-occupier. The tenant has been in occupation of this property since 2004. The opportunity exists to either offer an extension to Phenomenex or take occupation of the premises from late 2020 if you are an owner occupier. This unit is located right at the front of the estate in a prime position fronting Mars Road.

Unit 10 offers 161m2 of first floor office and ground floor storage or showroom. It is leased to Giesecke & Devrient (G&D) Asia Pacific which is part of a German multi-national organisation formed in 1854. G&D have a lease expiring 31/8/21 at a net income of $38,640 and the tenant pays all outgoings and GST on top of this figure. There are annual 4% increases in the net rent. This property was recently re-carpeted, repainted and refurbished throughout.

Both available units include quality fitout, private bathrooms, private kitchens, reverse cycle air conditioning and ground floor loading bays. While predominantly office space, the suites offer companies that have a need for some clean storage as well as office and this is appealing to a wide range of high-tech industrial businesses. The Lane Cove Business Centre was built in two stages between 1999 and 2001 and is made up of 40 units. At the time of writing only one unit is vacant in the entire estate.

This is a great opportunity for either investment or long term owner-occupation. Please contact Jason Glass on 0409 326 2... for further details or an inspection.

All details above are subject to confirmation in a contract of sale.