» »
COMMERCIAL STRATA / RESIDENTIAL CONVERSION OPPORTUNITY (S...

1-3 Ridge Street, NORTH SYDNEY NSW, 2060

Sold

Property Sold in 1-3 Ridge Street, NORTH SYDNEY NSW, 2060

Raine & Horne Commercial North Sydney

Ground Floor, 124 Walker Street, North Sydney, NSW 2060

Listing ID:
11324451
Status:
Sold
Price:
$1,100,000
Last Updated:
31/05/2019
Icon building

Property Type

Offices/Medical/Consulting/Retail
Icon square

Land Area

N/A
Icon size

Floor Area

149 SQM
Icon parking

Parking

2

COMMERCIAL STRATA / RESIDENTIAL CONVERSION OPPORTUNITY (STCA*)

Finished to an exceptionally high standard, saturated with natural light and subject to an envious B4 Mixed use zoning. The sunlit entrance and feature staircase of Unit 2 gives access to multiple work / living spaces, as well as a recently upgraded kitchen, with dishwasher, meeting / boardroom, ample storage throughout, internal bathrooms as well as the sun-drenched courtyard. The current zoning being B4 Mixed use, provides a sensational value add opportunity to convert to residential (SCTA*). The holding income from the sitting tenant provides the new owners the benefit of cash flow during the submission of a D.A.** if desired.

- TERM: 3 + 3 years
- COMMENCEMENT: 01.08.2016
- SECURITY: $21,333,02
- GROSS INCOME: $56,085.16 p.a. + GST
- OUTGOINGS: $9,575.64 p.a. + GST where applicable
- NET INCOME: $45,509.52 p.a. + GST
- UPSIDE: 4% annually & market review at the exercise of option

Nestled in the tree lined streets of North Sydney, with immediate access to café eateries and local restaurants, whilst also being in immediate proximity to Marist Brothers North Sydney, Monte Saint Angelo's and a multitude of additional primary schools as well.

*(STCA) - Subject to council approval
**D.A. - Development application

To obtain an information memorandum, further property details or arrange inspection via appointment, please contact Nick Moloney on 0477 545 111.

For more details, please email agent


Video & Interactive Tour
Btn video

Raine & Horne Commercial North Sydney

Ground Floor, 124 Walker Street, North Sydney, NSW 2060


More properties from Raine & Horne Commercial North Sydney
For Lease
LOT Shop 2 / 10-12 Clarke Street , CROWS NEST NSW, 2065

LOT Shop 2 / 10-1...

Retail
Sold
NORTH SYDNEY NSW, 2060

NORTH SYDNEY NSW,...

OfficesMedical/ConsultingRetail
Leased
LOT Suite 1406 / 122 Arthur Street, NORTH SYDNEY NSW, 2060

LOT Suite 1406 / ...

OfficesOther
For Lease
LOT Suite 1.02 / 28 Chandos Street, ST LEONARDS NSW, 2065

LOT Suite 1.02 / ...

OfficesMedical/ConsultingOther
Leased
LOT 1.01 / 2 Northcote Street, ST LEONARDS NSW, 2065

LOT 1.01 / 2 Nort...

Offices
For Lease
LOT Suite 4.05 / 10-12 Clarke Street, CROWS NEST NSW, 2065

LOT Suite 4.05 / ...

OfficesMedical/Consulting
More properties from North Sydney
For Lease
1251/141 Walker Street, NORTH SYDNEY NSW, 2060

1251/141 Walker S...

Offices
Leased
1202/141 Walker Street, NORTH SYDNEY NSW, 2060

1202/141 Walker S...

Offices
For Lease
NORTH SYDNEY NSW, 2060

NORTH SYDNEY NSW,...

OfficesOfficesMedical/Consulting
For Lease
LOT Suite 8 / 345 Pacific Highway, NORTH SYDNEY NSW, 2060

LOT Suite 8 / 345...

OfficesMedical/ConsultingOther
For Sale
NORTH SYDNEY NSW, 2060

NORTH SYDNEY NSW,...

Retail
Sold
343 Pacific Highway, NORTH SYDNEY NSW, 2060

343 Pacific Highw...

OfficesShowrooms/Bulky GoodsMedical/Consulting
Loading...