Trophy Corporate HQ, Booming Northern Beaches, 4% Annual Increases

49 frenchs forest road east, frenchs forest nsw

Price: Contact Agent

  • Trophy landmark building
  • Premium global tenant
  • Brand new $2 billion hospital closeby

Property Details

For Sale by Deadline Private Treaty (Unless Sold Prior)
Closing 4pm AEDT Tuesday 11 December 2018
Yield: Circa 6.25%

Strategic 1,539 sqm landholding with strong exposure to Warringah Road
Stunning contemporary office & warehouse building of 1,545 sqm
Offices constructed to NABERS 4.5-star standard
30 on-site parking spaces (27 secure basement)

New tunnel connecting to Sydney CBD & airport nearby
Located just 400m from the brand new Northern Beaches Hospital
Huge local transport infrastructure spending: Warringah Road/Wakehurst Parkway widening & crucial new Western Harbour Tunnel & Beaches link

Tenant occupied since built in 2003 and leased to 2021 + options to 2031
Generous 4% fixed annual increases
Longstanding $3.9Bn global tenant in occupation for 15 years
Citizen Watches – global premium brand with roots going back to 1918 with annual revenues of nearly $3.9 billion, listed in Tokyo and New York

Net Income: $550,070 pa + GST

Featured Details

Current Tenant Tenanted
Gross Building Area 1545 sqm
Land Size 1,539 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003362

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E

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