Dual income property in Sydney’s Brookvale listed at $652,000

Dual income property in Sydney’s Brookvale listed at $652,000
Dual income property in Sydney’s Brookvale listed at $652,000

A commercial property with the possibility of dual income is up for sale in Sydney’s Brookvale. 

The warehouse/office, situated within the “Eastpoint” security development on the corner of Mitchell and Wattle Roads, comes with a price tag of $652,000 ex-GST. 

Brookvale is the Northern Beaches main commercial precinct.

The property occupies 285 sqm, with the warehouse on 144 sqm and the office on 141 sqm. 

Both are tenanted, with the lease for the warehouse for four years expiring in early 2019. The gross rent is $24,324 + GST per annum.

The upstairs office is on a three-year lease till 2019 and the gross rent is $21,500 + GST per annum.

The total gross income thus comes to $45,824 + GST per annum with total outgoings at $4,854.55.

The yield works out to be 6.3%, according to the listing agents Raine and Horne.

Other features of the property are parking space for two cars; the warehouse and office are both self-contained with bathrooms and kitchenettes and two tenants means a less risk.

Tags: 
Office Brookvale

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?