Chatswood 763 Pacific Highway

STRATEGIC INVESTMENT "SOLD"

Fully leased to established tenant (Persian Art Gallery)
New 3 yrs + 3 yrs + 3 yrs lease (commencing 01/03/09)
2 storey commercial building with 6 parking spaces
Corner position with three street frontages
Zoned Business Commercial 3(C2)
Land area: 306 sqm approx
Net lettable area: 436 sqm approx
Current net income: $146,088 p.a. approx
Rear lane access with Council carpark adjoining

Auction:
10:30am, Tuesday 31th March 2009
55 Harrington Street, The Rocks, Sydney

It should be noted that the adjoining Council carpark was recently sold as a development site suitable for a very substantial mixed office & residential project. Willoughby Council has made it a requirement that any future development on this land must contain a public carpark in excess of 200 spaces.