 Asset Class: | Office |
 Price: | $ 1230000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Offered with a seven (7) year leaseback from Monarch (sales) Pty Ltd, the company has been trading successfully for over 50 years and is part of the Monarch Investments Group of Companies, which have been in operation since 1955. Monarch is one of Australia's largest and most successful private land developers, responsible for creating some of Eastern Australia's finest residential estates.<br>A beautifully presented commercial office suite with a contemporary fit-out located within a tranquil commercial complex. Set off Ryde Road, amongst a green bushland setting, the office comprises of ground floor offices, modern kitchen, own bathroom, private balcony as well as a mezzanine level which is exclusive to this office. The property has six (6) undercover car spaces and is equipped with an EV charging station.<br>With no vacancy period and all outgoings paid by the tenant, this unique offering is a perfect opportunity for any savvy investor to secure a solid, high yielding investment.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Pymble is a suburb on the Upper North Shore of Sydney in the state of New South Wales, Australia. <br><br>Pymble is 15 kilometres north of the Sydney central business district in the local government area of Ku-ring-gai Council. 33 Ryde Road offers immediate access to major arterial roads and bus services for easy connection across Sydney.<br><br>Suite 12 is set back from Ryde Road in a tranquil leafy setting offering a calm and peaceful workplace.
Additional Location Information File<b>Monarch investments Group of Companies</b><br><br>Website: <a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.monarchinvestments.com/"><u>Monarch Investments Group of Companies</u></a><span></span>
Initial Term:
Security:
Security Info:
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Suite 12, 33 Ryde Road, Pymble</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Seven (7) Year Leaseback</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Lease $80,000 pa</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fixed 4% pa Rent Increases</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">100% of the outgoings are covered by the tenant (Not property management : Seller's comment: Not necessary as they would have nothing to do. I am the Secretary of the Owner’s Corporation and actively look after and maintain the building with the others on the committee.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total NLA: 245 m2 </span></p></li></ul>
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $326 Per Sqm Suite 101, 280 Pacific Highway Lindfield Area: 214.50sqm Rental: $107,250 pa gross ex GST ($500 per sqm) Terms – 5+5 years Lease start – 01 Nov 2024 GF Commercial, 27 Merriwa Street, Gordon Area: 92sqm Rental: $50,000 pa gross ex GST ($543 per sqm) Terms – 5 years Lease start – 01 Jul 2024 Suite 1, 939 Pacific Highway, Pymble Area: 196sqm Rental: $80,000 pa gross ex GST ($408 per sqm) Terms – 5+5 years Lease start – 01 Dec 2023 Suite 1, 55-63 Grandview Street, Pymble Area: 139sqm Rental: $80,000 pa gross ex GST ($575 per sqm) Terms – 3 years Lease start – 29 May 2023
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Seven (7) Year Leaseback</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Lease $80,000 pa ex GST</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fixed 4% pa Rent Increases</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Well Established Tenant</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Contemporary Office Suite – 245sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Six (6) Car Spaces with EV Charging Station</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Tranquil Bushland Setting</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Accessible by Bus and Major Arterials</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Seller replaced the whole roof recently</span></p></li></ul>
