|Building Area Gross||
JLL and Cushman & Wakefield have the privilege of offering Lot 1 of 197-199 Castlereagh Street, Sydney to the market.
This fully-leased investment opportunity provides the following key benefits:
- 100% leased to City Tattersalls Club (long standing covenant)
- Long WALE of 9*^ years until 2031 with 2 x 5-year options
- Net lease offering a "set and forget" investment opportunity
- Rental growth of 3.5% annual reviews with market reviews at options
- Located in thriving Sydney CBD centre less than 200m* to Town Hall, QVB, Hyde Park and Metro Stations
- 2,622sqm* of contiguous NLA over 4 levels + 12 car parks
- Net income of $1,430,246pa*^
For Sale via Expressions of Interest closing 4pm (AEDT), Thursday 8 December 2022.
*Approx. | ^As at 14 November 2022 | NABERS exempt