Position, scale and quality come together in this well-known Gill Street property, offering approximately 1,900m2 of lettable space on a substantial 1,290m2 site.
The property is currently occupied by two tenants, with the ground floor home to a gym and a secure parking operation. The office accommodation is currently available, providing an opportunity for an investor to secure tenants in a high-quality, well-presented space.
The existing leases are strong, with national and international companies occupying the property.
One of the standout features is the parking provision. The property offers 14 secure internal car parks for office users, together with a further 8 external spaces – an exceptional offering for a CBD property and a significant advantage when attracting and retaining office tenants.
The office accommodation has been fitted out to a high standard, while the gym has been recently refurbished. The parking operation has also invested in security with the installation of automatic entry doors.
The building enjoys excellent signage opportunities and sits on a busy inner-city route with high levels of passing traffic, providing strong profile for occupiers.
The current seismic rating is C. A recent ISA has been completed and, subject to the circumstances of a sale, the current owners are prepared to discuss contributing towards the works required to bring the building to a 67% rating.
Key investment features:
•Approximately 1,900m2 lettable area
•Substantial 1,290m2 site
•High-profile Gill Street location
•Two existing ground-floor tenants
•Office accommodation available for lease
•National and international tenants
•14 secure internal car parks
•8 additional external parks
•High-quality office fit-out
•Recently refurbished gym
•Excellent building signage opportunities
•High traffic exposure
•Recent ISA completed
•Potential for seismic upgrade to 67%, subject to agreement
This is a substantial and well-established commercial property in a tightly held CBD location, with the scale, parking and presentation to make it a genuine standout investment opportunity.
Price by negotiation.
For the full Information Memorandum, lease details and an appointment to inspect, call today.