1 & 1A Apollo Place LANE COVE WEST
Fully Leased Commercial / Industrial Investment
Located on the north side of Apollo Place in the Lane Cove West business area. Lane Cove West is within 12km of Sydney CBD and is accessed from Epping Road via Sam Johnson Way.
The area is well connected to Sydney’s rapidly improving road network with the Gore Hill Freeway providing fast access to Central Sydney and the M2 providing motorway connection to North West and Western Sydney.
The building comprises 2 levels of industrial space each with loading bay plus generous car parking.
First Floor (Top Level) – comprises approximately 1,300sqm of offices currently divided into 3 tenancies. This level has loading bay access from Apollo Place.
Ground Floor (Middle Level) – Comprises light industrial space with loading dock to the side. The floor has been extensively fitted out as a commercial kitchen with walk in freezer, cold room, food preparation, offices and staff amenities.
Lower Level – Car Park with 39 spaces + 15 external spaces. Total 54 car spaces. The lower level houses the Grease Trap for the kitchen.
Fully leased at affordable rents with the 2 main tenancies at rents of $220 / $227/sqm gross.
Total net income is approxiamtely $446,500 p.a.
Enquire about this property
David Bolt 0439 032 008