Description

This is a 4 storey warehouse office conversion recently refurbished to a high standard. Construction is of brick and iron bark timber frame. The property features a courtyard style entry to both tenancies which are interconnected via internal stairs and have their own individual amenities. The building features ducted air conditioning with individual controls per floor. The upper levels enjoy a north facing aspect that takes in an inspiring vista that includes the CBD and Domain. The premises has the ability to be let as 3 separate tenancies with strata subdivision potential (STCA).

Location

Located on William Lane, the property is well positioned one block to the north of the rebirthed William Street. The property is close to both the CBD, arterial road entry points to the Eastern Distributor as well as Potts Point/Kings Cross and the vibrant eateries in nearby Stanley Street, East Sydney and on Woolloomooloo Bay.

Net Lettable Area: 395sqm approx - Subject to Survey

Site Area: 152sqm approx - Subject to Survey

Zoning: Flexible zoning "10 - Mixed Uses" under City of Sydney LEP

Tenancies

Equity Development Management will leaseback Ground and Level 1 at $85,000 per annum net + GST on a 2+2 year lease or provide vacant possession in December 2012, and 3C Creative Corporate Communications are on a 5 year lease expiring on 31/12/2012 with no option at $84,028 per annum net in respect of Levels 2 and 3.

Net Income: Estimated net annual income potential is $169,028 + GST.

Outgoings: $12,911 ($32.69/sqm incl. land tax)

Comment: Outstanding East Sydney/Darlinghurst freehold opportunity ideal for the prudent investor, owner occupier or the ultimate City Fringe "live work" scenario.