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
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.
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