Inspection by Appointment

Street Level Commercial Space with Long Term Tenancy

This 104 sqm Strata Property has an open plan, carpeted office and includes 22 sqm of outdoor undercover patio area, kitchenette, front, rear and side access, and two secure parking spaces.

Complex includes a heated pool, gym, BBQ and garden areas with a vibrant community.

The Commercial property has been in a long-standing lease with their current tenant, due to expire in November 2024, however the tenant is looking to consider a 3-year term plus with 3-year option.

Property currently returning more than 5% p.a.

Positioned in a highly desirable pocket of Balmain, this offering is ideal for the investor looking for a stable income and an asset that will continue to appreciate in this much sought after city fringe location.

– Approximate Rental Income $44,616 p.a. inc. GST
– Long-standing Tenant since 2008
– Current 2-year lease expiring November 2024
– Landlord pays all outgoings; tenant pays for cleaning costs.
– Ducted air conditioning
– Private courtyard
– 2 Secure parking spaces

Outgoings (approx.)
Council: $393.00 p.q.
Water: $168.00 p.q.
Strata: $1,535.00 p.q.