47a Penrose Street LANE COVE - FOR SALE
Investment / Future Development Opportunity
Located on the corner of Penrose Street and Johnston Lane just to the west of Burns Bay Road and a short walk to the local shops at Figtree Plaza.
Comprises a stand-alone 2 storey commercial building divided into a number of office suites. The building has windows on each elevation providing good natural light. The suites each have air-conditioning, suspended ceilings, carpet and access to common amenities and kitchen.
There is surface parking for at least 16 cars accessed from Johnston Lane.
The building is 77% leased with terms agreed for the final suite of 162sqm.
The estimated income, fully leased is approximately $213,500 P.A.. gross.
The rectangular site totals 1,121sqm zoned B1, Neighbourhood Centre. The zoning permits various uses including shop top housing.
Sale terms on application..
Enquire about this property
David Bolt 0439 032 008