57 St Johns Road Glebe
Commercial investment - strong yield, secure tenant
A stylish boutique ground floor commercial office space set over a vast 185sqm offering a circa 5% net yield. Formerly the Flitcroft & Burton Hotel, the space has been repurposed to create a modern office. Fully equipped with 14 workstations all with data & phone points and monitor stands. Located just a moment away from Glebe Point Road and Wentworth Park, this city fringe suite is an ideal long-term hold.
- Fully fitted workspace for approximately 14 staff
- Great natural light on two sides & dual street entrances
- Air-conditioned throughout with downstairs secure server room
- Internal kitchenette complete with dishwasher, fridge & beer tap
- Male & female amenities and disabled bathroom with shower
- Easy walking distance to Glebe Point Road, Broadway Shopping Centre, and city buses
- 1.5km approx. from the Sydney CBD and 600m approx. from The University of Sydney
- 500m approx. from the planned Sydney Fish Markets Redevelopment and short walking distance to Glebe Point Road
- Residential zoning
Currently leased until December 2024, plus a 5-year Option.
Leased for $93,644 plus GST including outgoings
Council rates: $374.50 per quarter (approx.)
Water rates: $250 per quarter (approx.)