CBRE are delighted to exclusively present Level 3, 6A Glen Street, Milsons Point to the market.
Level 3, 6A Glen Street, Milsons Point is a premium harbourside whole floor office suite leased to Luna Park Sydney on a highly desirable and secure brand new 10 year + five (5) year term.
Comprising lots five (5), six (6), 43 and 44, this extremely rare whole floor office suite boasts a total internal area of 714sqm* with three (3) secure parking spaces and 257sqm* of ground floor storage.
Overlooking the picturesque Lavender Bay through Sydney's iconic Luna Park, the suite is conveniently located within walking distance to bus stops, Milsons Point Train Station and Ferry Wharf in addition to lifestyle focussed amenity.
Level 3, 6A Glen Street, Milsons Point benefits from the following key attributes:
- High yielding investment opportunity with a brand new 10 + five (5) year lease to Luna Park Sydney
- Generating a net income of $412,335* per annum
- Favourable lease terms, including; fixed annual reviews of 3.5% or CPI (whichever is greater), bank guarantee equal to 12 months of rental income and lessee pays 100% of outgoings
- Exceptionally rare whole floor offering on Sydney's iconic harbourside
- Total internal area of 714sqm* across four (4) lots
- Ease of access within walking distance to Milsons Point Train Station, the recently upgraded Milsons Point Ferry Wharf and bus services
- Picturesque Milsons Point location allowing desirable work life balance attributes with proximity to multiple parks, harbourside walks, charming cafes and dining hubs in addition to North Sydney CBD
- Completely self contained together with kitchenette, shower and bathroom amenities and lifts throughout
- Three (3) secure parking spaces on title and 257sqm* of ground floor storage
- Within the esteemed 'Milsons Landing' building which was developed and built by Multiplex
- Luna Park Sydney have occupied the space for 20 years* since the building's construction
- Flexible exit-strategy through strata-sell down
Level 3, 6A Glen Street, Milsons Point is offered For Sale via Expression of Interest closing on Wednesday, 29th May 2024 at 4:00pm (AEST) with a Price Guide of 8% Net Yield.
Please enquire directly with the exclusive agents to arrange an inspection.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approximate
