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Level 3 6A Glen Street
Milsons Point NSW 2061
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Sold on 7 Jun 2024

Level 3 6A Glen Street Milsons Point NSW 2061

  • Offices
  • 714 m²
  • Sold

High Yielding Investment Opportunity Leased to Premium Tenant

  • Brand New 10 + 5 Year Lease
  • Premium Tenant | $412,335* Net Income
  • Security of 12 Month Bank Guarantee

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

CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold7 Jun 2024
Floor Area714 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2019215965
Category
Last updated  6 Jun 2024
Map for Level 3 6A Glen Street Milsons Point NSW 2061

Nearest transport* to Level 3 6A Glen Street Milsons Point NSW 2061

Bus
Train
Tram
Ferry
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CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Date Sold7 Jun 2024
Floor Area714 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2019215965
Category
Last updated  6 Jun 2024

More about Level 3 6A Glen Street Milsons Point NSW 2061

Level 3 6a Glen Street Milsons Point NSW 2061 is categorized as Office. It has a floor area of 714 m². The listing ID for this property is 2019215965.

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