Trophy Corporate HQ, Booming Northern Beaches, 4% Annual Increases

49 Frenchs Forest Road East,Frenchs Forest NSW 2086

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OfficeSize: n/a
Block size: 1539 m² approx.
For Sale by Private Treaty
Indicative Price: $8.8m
Indicative Yield: 6.50%

Strategic 1,539 sqm landholding with strong exposure to Warringah Road
Stunning contemporary office & warehouse building of 1,545 sqm
Offices constructed to NABERS 4.5-star standard
30 on-site parking spaces (27 secure basement)

New tunnel connecting to Sydney CBD & airport nearby
Located just 400m from the brand new Northern Beaches Hospital
Huge local transport infrastructure spending: Warringah Road/Wakehurst Parkway widening & crucial new Western Harbour Tunnel & Beaches link

Tenant occupied since built in 2003 and leased to 2021 + options to 2031
Generous 4% fixed annual increases
Longstanding $3.9Bn global tenant in occupation for 15 years
Citizen Watches – global premium brand with roots going back to 1918 with annual revenues of nearly $3.9 billion, listed in Tokyo and New York

Net Income: $572,072 pa + GST

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Block map

Block Map

Key Details

Property Type:Office
Block Size:1539 (approx)
Stamp Duty:$555,615

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Frenchs Forest Suburb Information

 
 
Average Age
41 years
Population
13,191
Frenchs Forest Profile
Frenchs Forest Occupancy
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This listing has been viewed 6 times. It was first displayed on 16/08/18 and last updated on 25/01/19.