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ACCOMODATION FREEHOLD LEASED TO LINK HOUSING LTD

1 Johnston Lane, LANE COVE NSW, 2066

For Sale

Property for Sale in 1 Johnston Lane, LANE COVE NSW, 2066

Metro Commercial Partners

Suite 4, level 1/ 1 Transvaal Avenue, Double Bay, NSW 2028

Listing ID:
11358558
Status:
Active
For:
Sale
Price:
POA
Last Updated:
11/09/2019
Icon building

Property Type

Hotel/Leisure/Offices/Retail
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Land Area

497 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

ACCOMODATION FREEHOLD LEASED TO LINK HOUSING LTD

Multi-level building located less than 10km from North Sydney CBD.
23 self-contained rooms + onsite parking rebuilt in 2015.
Leased to Link Housing Ltd, managing circa 4,000 homes across NSW since 1984.
Current rent $357,000 pa (approx.), until 2020 + 5 year option.
Rooms ranging in sizes up to 31m2, all with kitchenettes & bathrooms.
Significant depreciation allowances, circa $99k in 2019 year.

Property Code: 1686

For more details, please email agent

Metro Commercial Partners

Suite 4, level 1/ 1 Transvaal Avenue, Double Bay, NSW 2028


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