Braddon level 1 investment/occupy opportunity
- Large balcony with Lonsdale St exposure
- Bespoke and trendy location
- Partially leased
- Architecturally unique development
- Generous parking allocation
Nibu x Palko, Level 1 unit C29.
This Level 1 unit has been subdivided into two tenancies, one of which is currently occupied by a beauty salon (NBC), the other is vacant for retail or office use.
Prime position within the development with street facing windows and balcony allowing for high visibility.
Current lease over C29a:
Sub-divided area: 70m2
Gross Rent: $40,986 (ex GST)
Lease Expiry: 16 April 2023
Option Term: 5 years
Potential lease over C29b:
Sub-divided area: 74m2
Estimated Potential Gross Rent: $43,328 (ex GST) – calculated on the same per m2 rate as C29a
Total Outgoings: $13,224 pa *as known by agent
Potential Net Income: $71,090 = 8.9% yield
Contact Chris Antos at Sentia Real Estate for more information or to arrange an inspection.