Hornsby NSW 2077

Top Location and one of the last remaining large sites left in Hornsby.

Property consists of a complex of brick and colour bond structures housing offices, manufacturing and distribution. All the buildings have been well cared for and are in good condition.

The tenant has been in occupation for many years and is a significant exporter.

The tenant will begin a new three year lease with a three year option on the sale of the property.

The size and location of the property, as well as its topography make this an outstanding development opportunity if the tenant decided to vacate in the future. Being located on the corner and with a large street frontage allows excellent development possibilities.

Details:
Land Area: 8756 square metres
Lease Term: 3 years with 3 year option from settlement date
Outgoings: 100% to tenant
Increases: CPI annually
Return: 9.5% NETT
Price: $5,500,000