Modern North Sydney Office with 2 Car Spaces – High Yield Investment
Level 2/32/44 Miller Street, North Sydney
Office(s)
For Sale
Open Times
Property Information
- Land area approx 141sqm
- Floor area approx 141sqm
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An outstanding opportunity to secure a premium strata office in one of North Sydney's most prestigious streets. Positioned adjacent to the American Consulate and surrounded by leafy outlooks, this modern office suite offers strong rental returns and excellent future appeal for both investors and owner occupiers with the potential for future strata amalgamation development upside in a tightly held CBD location. A modern office in an unbeatable CBD location with secure income and future owner occupier flexibility – opportunities like this are rare!
Investment Highlights
• Attractive Net Yield: approx. 6.5%
• Strong Lease in Place – Current tenant paying $78,000 p.a. + GST + 100% Outgoings – Lessee willing to pay 12 month's rent up front
• Lease expires 15 Dec 2026 with 5% annual increases and a further 2 year option
• Tenant flexibility – willing to vacate early if sold to an owner occupier
Property Features
• Strata area approx. 141sqm (including 2 exclusive-use car spaces)
• Modern fit out with 2 offices, boardroom, and open plan workspace
• Light filled interiors with glass partitioning
• Welcoming reception area & pin pad secure entry
• Fully cabled, LED lighting
• Leafy tree outlook over Miller Street
• Access to shared kitchenette and updated amenities
Location Advantages
• Prime North Sydney CBD address on prestigious Miller Street
• Walking distance to Greenwood Plaza, North Sydney Station and the upcoming Victoria Cross Metro
• Easy bus connections across Sydney
• Surrounded by first class infrastructure upgrades and global tenants
Outgoings (Paid by Tenant)
• Strata: $21,037.60 p.a.
• Parking Levy: $5,600 p.a.
• Council: $910.02 p.a.
• Water Usage : $10.00-$12.00 per quarter water
For further information or to arrange a private inspection contact Philipp Tsiprin on 0498 388 338
Property Features
- Air Conditioning
- Car Parking - Basement
- Close to Parklands
- Close to Schools
- Close to Shops
- Close to Transport
- Nearby Government Schools
- Nearby Private Schools