Office | $2,150,000 | 6.48% Net Yield | NSW
Positioned within one of New South Wales' most vibrant and revitalised coastal cities, this strata-titled office opportunity offers premium exposure, immediate CBD proximity, and reliable income underpinned by a high-quality tenant.
Comprising 408 sqm across an entire commercial office floor, this asset is securely leased to a nationally recognised marketing agency with a five-year lease in place commencing January 2024. The tenancy generates $139,425 in net income per annum, supported by fixed 3% annual increases and a bank guarantee of $50,000 to be implemented via lease variation at settlement.
Recently upgraded with a high-end fitout, the premises includes open-plan workspaces, breakout zones, executive meeting rooms, a kitchen and end-of-trip facilities. Situated within a mixed-use commercial building in a key east coast metro centre, the asset combines strong yield, modern presentation, and exceptional long-term rental security.
Key Highlights
- Asset Class: Office
- Price: $2,150,000
- Net Yield: 6.48%
- Net Income: $139,425 per annum
- Lettable Area: 408 sqm (whole floor strata)
- WALE: 3.2 years
- Lease Term: 5 years from January 2024
- Options: 1 x 5 year
- Annual Reviews: 3.00% fixed
- Lease Security: $50,000 bank guarantee (to be provided at settlement)
- Strata Title: Yes
- Car Parking: None on title
- Management: Self-managed
- Zoning: Mixed Use (MU1)
- Flood Zone: No
- Bushfire Zone: No
- Outgoings: $61,425 (100% non-recoverable)
- Gross Income: $200,850
- Net Income: $139,425
- Insurance Expiry: 31 May 2026
- Council: City of Newcastle
report, bank fees)
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