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39-47 Albany Street, Crows Nest, NSW 2065

39-47 Albany Street, Crows Nest, NSW 2065

Offices Land/Development Other

  • Sold Contact Agent
  • Tue 25-Aug-20

NEWLY REFURBISHED FREEHOLD OFFICE BUILDING

  • NLA of 3,287sqm* + 43 car spaces
  • Significant 1,609sqm* land holding
  • Rental reversion & development upside

  • Land Area
  • 1609.00 m² (approx)
  • Floor Area
  • 3,287 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Sep 25, 2020
  • Energy Efficiency Rating
  • 4.0-star NABERS Energy Rating

Interested in this property? Contact an Agent today

CBRE - Sydney

Level 21, 363 George Street

Sydney NSW 2000

Jason Lowry, CBRE - Sydney
Jason Lowry
Nicholas Heaton, CBRE - Sydney
Nicholas Heaton

NEWLY REFURBISHED FREEHOLD OFFICE BUILDING

CBRE, as the exclusive sales agent, is pleased to present 39-47 Albany Street, Crows Nest. Located just metres from Crows Nest Village and a short walk to St Leonards Station and the future Metro, this three-storey freehold building offers over 3,200sqm of quality office space in one of the most rapidly growing commercial precincts in NSW. Well-positioned to capitalise on the transforming St Leonard/Crows Nest priority precinct, the property also affords significant rental reversion opportunities as well as potential development upside in the future (STCA)

39-47 Albany Street benefits from the following key attributes:

- Net income of $1,174,844 per annum*
- NLA of 3,287sqm* plus 43 car spaces
- Massive 1,609sqm* land area – one of the largest remaining land holdings in Crows Nest
- 100% leased with WALE (income) of over 3 years*
- Three-storey freehold office building with large floor plates over 1,000sqm
- Significant value-add opportunities through rental reversion or future development (STCA)
- Set to benefit from the rapid growth of the St Leonards/Crows Nest priority precinct
- Short walk to Crows Nest Village, St Leonards Station

39-47 Albany Street, Crows Nest, NSW 2065

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