Tightly Held Main Street Tenanted Investment
59-61 Argyle Street, Camden
|Property Type||Medical/Consulting, Offices, Retail|
|Land Size||481㎡ approx|
Oxford Agency is proud to present for sale this extremely rare opportunity to purchase a newly refurbished main street tenanted investment in a tightly held commercial hub.
Elegantly presented and situated in the heart of Camden Business precinct and steps away to the big four banks Woolworths, BWS, Australia Post, Coles Supermarket & some of Sydney’s best eateries, cafes & fresh produce markets.
This two level premises presently comprises medical, cafe and office leases.
The property features;
– Anchor lease to Dental Corporation owned by global healthcare giant BUPA. (Circa $19 Billion revenue 2017) with a 2 x 5 year options and attractive 3% annual rental increases.
– Fixed 4% annual increases for all other leases
– Tenants pay all outgoings
– Safe, diversified income with 7 secure leases with options
– Popular rear cafe with prime location adjacent large council carpark
– Net income of $226,050 p.a + GST (with future development potential)
For more information please call Darren Pienaar on 0422 704 604.