114 Alexander Street Crows Nest, NSW 2065
EXCELLENT INVESTMENT PROPERTY WITH FUTURE DEVELOPMENT UPSIDE
114 Alexander Street is a two storey mixed use commercial premises with 2 secure car spaces. This excellent investment offers a solid income stream of $175,000 p.a + GST net and benefits from future development potential. The property has a land area of 262 sqm* and the building has a net lettable area of 402 sqm* tenanted by KMR Nexus Pty Ltd trading as Health Management Connections.
Located in a very convenient position on Alexander Street Crows Nest only 5km from Sydney's CBD, this building is surrounded by an abundance of longstanding and quality restaurants, cafes, wine bars and alfresco dining options, with leading retailers including Woolworths, Coles, and Flannery's Organic Market.
This property stands to benefit from the St Leonards and Crows Nest master plan bringing infrastructure investment to the area with the St Leonards Train Station 750 metres* away and the new anticipated Crows Nest Metro Station only 450 metres* away.
• Tenanted by Nature Care Wholistic & Medical Centre (in occupation since 2011)
• Land Area of 262 sqm*
• Net rental income of $175,000 p.a with fixed 4% increases.
• Tenant pays 100% of outgoings
• Two storey office building with lettable area of 402 sqm*
• 2 secure car spaces
• Dual street frontage
• 750m* from St Leonards Train Station and
• 450m* from the future Crows Nest Metro Station
• Future development potential
*all figures are approximate
Please contact David Collard 0404 881 110 to arrange an inspection.
Note: Inspections will be by appointment only on Wednesdays 12-12:30pm.
Property ID: 503263914Last Updated: 20 Aug 2019