Modern North Sydney Office with 2 Car Spaces – High Yield Investment

Level 2/32/44 Miller Street, North Sydney

Office(s)

2  

For Sale

$1,100,000 - $1,200,000

Open Times

Please contact Philipp Tsiprin to arrange an appointment.

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

Primary

North Sydney Public School, Neutral Bay Public School, Anzac Park Public School, Nicholson Street Public School, Fort Street Public School, Cammeray Public School, Greenwich Public School & Balmain Public School

Secondary

Cammeraygal High School, North Sydney Girls High School, North Sydney Boys High School, Conservatorium High School, Bradfield College, Mosman High School, Sydney Distance Education High School & Sydney Secondary College Balmain Campus

Special

Observatory Hill Environmental Education Centre, Naremburn School & Royal North Shore Hospital School

Combined

Cameragal Montessori School, Lavender Bay Campus, Wenona School, Loreto Kirribilli, SCECGS Redlands, St Mary's Cathedral College & St Andrew's Cathedral School

Primary

St Mary's Catholic Primary School, Cameragal Montessori School, Inner Sydney Montessori School, Fr John Therry Catholic Primary School Balmain-Rozelle, St Philip Neri Catholic Primary School, Mosman Church of England Preparatory School, Sacred Heart Catholic Primary School & SHORE - Sydney Church of England Preparatory School, Northbridge

Secondary

SHORE - Sydney Church of England Grammar School, Monte Sant' Angelo Mercy College, Marist College North Shore, St Aloysius' College, Holmes Secondary College, Macquarie Grammar School, Marist Sisters' College Woolwich & St Vincent's College
* Nearby schools are selected based on straight-line distance only.

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