Premiere Inner West Sydney Office Investment

Description

GJS Property is pleased to present for sale one of the premiere commercial office buildings in Inner West Sydney; 18 Flour Mill Way, Summer Hill.

Known as the ‘Mungo Scott’ Building, the asset presents the following compelling investment highlights;
- 3,511 sqm* character commercial freehold
- 84% occupied by a range of SME tenants
- $1,608,986 p.a. rental income with rental reversion upside
- Bankable 3.66 year WALE as at 1 November 2023
- Immediate transport links with a light rail station adjoining the property
- Comprehensively renovated with impressive creative office fitouts
- As new building with significant depreciation potential
- DA approved for strata subdivision
- Potential to construct an additional free-standing building (STCA).

The property is being offered for sale via Expression of Interest (EOI) closing Thursday, 2 November 2023 at 4:00pm (AEDT).

For more information or to arrange an inspection, please contact the exclusive selling agents.

* Approximate