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AAA INVESTMENT LEASED OUT TO GOVERNMENT INCENTIVISED TENANT! SIGNIFICANT LAND HOLDING!

Address

194-198 Lakemba Street, LAKEMBA NSW 2195

Size

Total Area: 2294 m2

Details

I.B Property & CBRE, as exclusive selling agents, are delighted to present for sale, 194-198 Lakemba St, Lakemba; a three level commercial building which has recently been refurbished over basement carparking within walking distance to Lakemba Railway Station & Lakemba Shopping Centre.

Commanding a prominent corner location in the heart of Lakemba with an extensive frontage to Lakemba St & Croydon St, this freestanding commercial building which was built in the 1990’s consists of two commercial floors and secure basement car parking for 64 cars will be one of the most sought after in 2021.

Location: Located on the Eastern side of Lakemba St. Lakemba is a major inner west growth suburb within Metropolitan Sydney. 260m walking distance to Lakemba Railway Station. 25 kms* west of Sydney CBD and 18 kms* south-east of Parramatta CBD. Close vicinity to all essential amenity.

Key attributes include:
*Net Lettable Area: 2,294sqm*
*Zoned B2 Local Centre
*4 Star NABERS Energy Rating
*Ideal for owner occupiers, investors & developers
* New Metro line being built between Bankstown – Sydenham

Lease Terms:

First Floor
Lessee: Government Property NSW
Lease Commencement Date: 9th of January 2019
Lease Expiry Date: 8th of September, 2022
Option period: One Year
Passing Rental Per Annum: $426,528*

Level 103
Lessee: Max Solutions Pty Ltd
Lease Commencement Date: 1st of July 2020
Lease Expiry Date: 30th of June, 2022
Option Period: NIL
Passing Rental per Annum: $100,000*

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*approximate

Price

Auction Thursday, 17th June at 10:30 am

Property Type

Offices

Contact

  • Adam Droubi
  • P. 9221 3333
  • M. 0420 807 090
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