51 High Street offers investors a compelling opportunity to acquire a freehold asset, situated on a freehold 219sqm site with frontage to popular High Street in the heart of the CBD.
The property is well leased and presents to a high standard and was constructed in 1995 with a high seismic rating of 80% - A Grade and comprises basement, ground floor and first floor with a total net lettable area of 470sqm.
The High Street retail precinct has performed extremely well post covid with a relatively low vacancy rate and will continue to benefit from the significant and ongoing investment into infrastructure and commercial projects within the midtown location.
The property is generating an annual net income of $265,132 pa + GST from 2 established tenants
Opportunities of this lot size rarely come to the market in this tightly held High Street precinct. This is the perfect investment opportunity for private investors and family trusts.
Being offered for sale by Negotiation. All offers must be provided to CBRE, the exclusive agent.
