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Trophy Corporate HQ, Booming Northern Beaches, 4% Annual ...

49 Frenchs Forest Road East, FRENCHS FOREST NSW, 2086

For Sale

Property for Sale in 49 Frenchs Forest Road East, FRENCHS FOREST NSW, 2086

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000

Listing ID:
11312551
Status:
Active
For:
Sale
Price:
Contact Agent
Last Updated:
15/11/2018
Icon building

Property Type

Offices/Retail/Industrial/Warehouse
Icon square

Land Area

1539 SQM
Icon size

Floor Area

1545 SQM
Icon parking

Parking

N/A

Trophy Corporate HQ, Booming Northern Beaches, 4% Annual Increases

For Sale by Deadline Private Treaty (Unless Sold Prior)
Closing 4pm AEDT Tuesday 11 December 2018
Yield: Circa 6.25%

Strategic 1,539 sqm landholding with strong exposure to Warringah Road
Stunning contemporary office & warehouse building of 1,545 sqm
Offices constructed to NABERS 4.5-star standard
30 on-site parking spaces (27 secure basement)

New tunnel connecting to Sydney CBD & airport nearby
Located just 400m from the brand new Northern Beaches Hospital
Huge local transport infrastructure spending: Warringah Road/Wakehurst Parkway widening & crucial new Western Harbour Tunnel & Beaches link

Tenant occupied since built in 2003 and leased to 2021 + options to 2031
Generous 4% fixed annual increases
Longstanding $3.9Bn global tenant in occupation for 15 years
Citizen Watches – global premium brand with roots going back to 1918 with annual revenues of nearly $3.9 billion, listed in Tokyo and New York

Net Income: $550,070 pa + GST

For more details, please email agent

Burgess Rawson Sydney

Level 18, 15 Castlereagh Street, Sydney, NSW 2000


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