407 Pacific Highway ARTARMON
High Profile North Shore Investment
407 Pacific Highway is a high-profile office building on Sydney’s North Shore with an NLA of 5,992sqm* and 141 car spaces. The twin tower design provides large floor plates of circa 1,300sqm* with 2 cores and 4 passenger lifts. Large 3/4 height windows providing excellent natural light and expansive district views.
Located at the inter-section of Pacific Highway and the Gore Hill Freeway the property is 2km south of the Chatswood CBD and within 5km of North Sydney and St Leonards.
The property is 100% leased to six office tenants and a café with a diverse tenancy profile with a weighted average lease expiry of 3.3 years (as at November 2019). Saluda Medical which has been a tenant since 2013 and occupies 39%* of the building has recently taken a new lease to 2023. Prime Constructions has recently extended their lease to 2025 with a further 3-year option.
The net income is approximately $2.09M with an estimated reversion at market to $2.28M p.a. Current rents are a competitive $330/qm net.
This excellent North Investment is being sold by Expressions of Interest closing Wednesday 6 November.
Enquire about this property
David Bolt 0439 032 008