2A CANNON STREET
Stanmore
1 bed2 bath4 parking
Exceptionally fitted at the highest calibre, this large converted warehouse offers 650m2 over two distinct levels. Providing a great opportunity to secure as an ideal investment with dual incomes or completely own and occupy. Its two street frontages and prime positioning adjacent to Parramatta Rd allows convenient access to the CBD and surrounds.
- Zoned General Business Use
Currently earning over 8% return, above market estimate of 5.62% return
- Flexible fit out and multiple use options as entire business address, live and work or dual income investment
- Ultra contemporary office space, studio or showroom on upper level with industrial style factory on lower level
- Level one boasts an impressive open plan area with 4 5 offices, meeting room, soaring ceilings, custom cabinetry, chic marble kitchen, ducted AC, halogen lighting and polished timber floors
- The ground floor houses a 21m x 11m warehouse area with roller door access and secure parking for multiple cars plus an additional two spaces on site
- Separate bathrooms on each level
- Minutes to Leichhardt cafes, ample on and off-street parking available
- Current Rental Income Total: $170,000pa - Ground Level: $120,000 pa, Upper Level $50,000 pa (EXCL GST) Expired Lease
- Market Rent Estimate: $118,180 pa - Ground Level $59,090 pa, Upper Level $59,090 pa (EXCL GST)
Land Area: 650m2 approx
Water Rates: $169 per quarter
Council Rates: $708 per quarter
Rental Income: $170,000 per annum Expired Lease
Market Rent: $118,180 per annum Estimate
Features
- • Air Conditioning
- • Close to Schools
- • Close to Shops
- • Close to Transport
- • Lower Level: 368m2
- • Secure Parking
- • Upper Level: 282m2
