Warriewood NSW 2102

Centrally located in Warriewood's business precinct, 1/7 Jubilee Avenue is a substantial freestanding modern industrial building held in an exclusive Community Title scheme of 10 units only. Built in approximately 1996 and perfectly placed as the lead Unit in the development with a high street presence and exposure. The property has an expansive entry foyer with a feature staircase leading to the first-floor reception, offices, and staff area. There are ten north facing individual offices opening onto the front balcony, a large open plan training / boardroom flowing seamlessly on to a large rear balcony and several other individual offices overlooking the large rear balcony. In addition, various storage areas and amenities are situated on this level. The warehouse area has access via large dual roller shutters to a semi clear-span warehouse of medium to high clearance. Generous large vehicle access plus 27 car spaces dedicated to the property. The property has a very contemporary design and is well maintained.

Property Details

Title: Lot 2 DP 270099
Building Area: 1617m²
Land Area: 1601m²
Zoning: IN2 Light Industrial

Lease Details

Tenant: Furnish & Finish Pty Ltd
Term: 5 Years + 5 Year option
Commencement: 1st February 2018
Current rent: $330,649 + GST Gross
Current Outgoings: Estimated at $25.00 pm2 approximately
Reviews: Annually increased by 3.5% or CPI whichever the greater
Bond: 3 months' rent
Guarantees: Directors personal Guarantees
Use: Office administration, warehouse, and distribution

This is a fantastic opportunity for Investors to add a unique industrial building to their property portfolios or an astute owner occupier to secure their future business premises while taking advantage of the current income.