12 Rodborough Road, Frenchs Forest

This is a unit situated in 2/DP855673 Frenchs Forest NSW. In the council area Northern Beaches, featuring 0 bedrooms and 0 bathrooms.

ABOUT THE PROPERTY

Bedrooms
0
Bathrooms
0
Car spaces
50
Land size
5268 m2
Building size
2774 m2
Council area
Northern Beaches
Year built
n/a
Lot plan
2/DP855673 Frenchs Forest NSW
House type
Commercial: Office Building



HISTORY

Last sold 29/06/2012
$6,900,000



LISTING DESCRIPTION
as of October 2012

LEASED CHANNEL 9 TO 2020 + OPTIONS TO 2030 12 Rodborough is a 3 level office building of approx. 2,774sqm + 100 car spaces.The property is fully leased to Channel 9 on 2 leases both expiring July 2020 with further 10 year options.Channel 9 leased the property 2 years ago and has spent a considerable sum fitting out the property for their use.The rent is $658,325 pa with the tenant paying all outgoings. The rent increases by 3.5% pa and in October will increase the rent to approximately $684,000 pa.The property has an exception to NABERS energy rating.This secure cash flow investment is for sale by expressions of interest closing 31 May 2012.The adjoining property 12A Rodborough Road is also available for sale. This comprises an office / warehouse of 7,286sqm approx. + 179 cars.12A Rodborough Road is over 60% leased with Linfox owned ITS occupying 50% on leases to 2017.The current net income is approximately $900,900 pa rising when fully leased to an estimated $1,575,00 pa.12A Rodborough Road has a 0 star NABERS energy rating.