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5/18 Hickson Rd, Dawes Point NSW 2000

Posted by Joseph Fairchild on October 20, 2017
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5/18 Hickson Rd Dawes Point, NSW 2000

$2,700,000
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6.67% Net Return plus Development Potential

Other - Dawes Point NSW

A bright and versatile space, with great long-term potential. Positioned in a vibrant part of Sydney on a tree-lined street enjoying great vehicle and foot traffic. Conveniently located next to IGA, cafe’s and just a moments walk to Walsh Bay waterfront.

Property Features:
– Several versatile office & meeting spaces of varying sizes
– Sliding wall dividers for flexibility of layout
– Crisp white paint and stylish carpets
– Air-conditioning, LED lighting and bright windows
– Kitchen with sink & break out area
– Modern and tidy bathrooms

Development Potential:
Conversion to residential. Neighbouring property have already converted to residential and onsold.

Property Facts:
Total area: 237sqm
Rent Return: $180,000 + GST / year
Return on Investment: 6.67%
Tenancy: Tenanted (2 year lease)
with further 2 year option OR Vacant Possession
Lease: 2 years
Outgoings: Paid by tenant

Tenant details:
Name: Institute of Business Sydney
Type of business: Private College
Website: www.iibs.edu.au

To get started please contact Joseph Fairchild on 0425 945 888 or email joe@metrorealty.com.au

Property Features
  • Other
  • Land is 237 m²
Real Estate Agent
mm
Joseph Fairchild
Director
0425 945 888
Joseph Fairchild is an innovative and experienced sales agent, starting his career in Sydney in 2009, he is a reliable local expert specialising in inner city apartments. As a successful investor himself Joe has developed a trialled and tested investment strategies that he shares with his clients to help them build a property portfolio of several investment properties.
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