Colliers is pleased to present 12 Laycock Avenue, Cronulla, for sale via an Expressions of Interest campaign. This prime commercial asset is situated in the highly sought-after beachside area of Cronulla.
The commercial building comprises three levels of fully leased office accommodation, occupied by four separate tenants and features double street frontages to Laycock Avenue and Currunulla Lane, offering 1 car space at the rear of the site. Its prime central location is just a stone throw away from Cronulla Train Station, Cronulla Mall, and the beautiful South Cronulla Beach.
Key features of 12 Laycock Avenue:
- Total NLA of 465m²* across three levels of office space
- Combined gross income of $282,531 per annum ($608/m²), below current market rates
- Significant rental reversion potential with an assessed market net income of $410,850 (884/m²) per annum
- Staggered WALE of 0.98 years by income, offering a chance to occupy or quickly reset rents to market levels
- Opportunity for immediate partial occupancy of 167m² with a month-to-month lease over the top floor
- E2 Commercial Centre zoning, allowing various uses including office, retail, hotel, residential and more (STCA)
- Freehold commercial building, perfect for a corporate headquarters
- Directly adjacent to Cronulla train station
- Significant potential for repositioning to create retail space on the ground floor
- Diverse appeal to both occupiers and investors, with very short leases in place
- Surrounded by high-quality, new mixed-use developments, including the 'Parc' development on Monro Park and 'Wavelength' on Gerrale Street
*All figures are approximate
12 Laycock Avenue, Cronulla will be offered for sale via an Expressions of Interest (EOI) campaign, closing Wednesday, 6th November 2024, at 3:00pm (AEDT).
For more information or to arrange an inspection please contact the exclusive Colliers selling agents.
Trent Gallagher
0432 242 063
Edward McFarland
0401 868 376
