LONG TERM LEASE WITH RENTAL UPSIDEFully leased to Unisys
For Sale
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Property Address:
Property ID: 11
Unisys Building - Rhodes, Sydney, Australia
Description:
The building is leased to Unisys until 2016 with option for lease extensions and substantial rental upside on the rent review in 2011.
Features
- Current low rentals with market review in 2011 and fixed 3% per annum rent reviews in 2009 and 2010
- Building area of 13,171 sqm
- Net income of AUD $3.9 million per annum
- Ample parking - 267 bays providing 1 bay per 46 sqm
- Surrounding amenities include a childcare centre, gymnasium, cafes and swimming pool
- Low vacancy and increasing rentals in the Rhodes market
- Fully net lease
Specifications
| Land Area |
14,241 sqm / 153,288.7 sq ft (approx.) |
| Net Lettable Area |
12,270 sqm / 132,073 sq ft (approx.)
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| Additional Storage Areas |
901 sqm / 9,698.3 sq ft (approx.) |
| No. of Car Parking Lots |
267 lots (Basement) (approx.) |
Key Tenancy Details:
| Tenant |
Lease Term |
Net Rental Income
p.a. Excl.GST |
| Unisys Australia Pty Ltd |
12 years – Expiry 23rd March 2016 |
AUD $3,903,518 pa |
For further details contact:
- Jon Chomley
- Investment Sales
- Sydney
- +61 02 9257 0236
- +61 412 219 830
- email Jon
- Jon's CV
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