Our elderly absentee vendors are seeking a prompt sale of this unit title fee simple ground floor property located in the CBD.
The premises benefit from a wide glass frontage onto The Terrace.
Since the building was opened in 2003 the premises have been occupied by a gym and includes one of the few lap pools (20m) in the city. The closeness of high-rise offices, hotels, student hostels, and apartment buildings provides the gym with a very large catchment.
The current lease of 12 years expires in June 2024, giving the successful buyer plenty of time to negotiate a new lease with the sitting tenant or find a new tenant.
- Rental $73,648 per annum plus GST
- 9-level apartment building (130 apartments)
- Short walk to Lambton Quay
- Just off the motorway
Price by negotiation
Due Diligence Information
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