3-5 West Street, Pymble NSW  
       

 

 

 

 

 

 

 

 

PROPERTY DESCRIPTION

This property is a modern three level commercial/warehouse building utilised for distribution and office purposes, together with parking for 42 vehicles in total.

The property is fully leased to two tenants, being Australia Post and AYR Data Systems. The weighted average of the lease duration is 7.2 years.

This property has two street frontages with good corner site exposure. It has easy access to major road arteries including Ryde Road/Mona Vale Road and the Pacific Highway.

The Government tenant (Australia Post) occupies approximately 81% of the property on a 15 year lease expiring 30th October 2015, with an option of two further terms of five years.

 

  
 
Address:		   3-5 West Street Pymble, NSW, 2073
 
Location:		   The subject property is situated on the corner of Bridge & West Streets approx. 18km north-west of Sydney CBD.
 
Property Description:		   Refurbished commercial/warehouse building on three levels, utilised as a distribution for Australian Post.
  Zoning:   Industrial
  Site Area:   3,073m2 (approximately)
  Gross lettable area:   Australian Post: 2,500 m2
Vacant
  Gross Rental :   $720,000 (fully leased)
  Carparking:   20 spaces
  Valuation:   $7.25 Million (Nov '10)
 
Tenants 		 
Australia Post
Area: 2,500m2
Term: 15 years
Commencement: 31 October 2000
Options: 2 x 5 years
Net Rental: $490,000

Vacant