16 Earl Place Potts Point

For Sale $1,500,000

Opportunity
16 Earl Place, Potts Point offers a fully leased commercial investment in one of Sydney's most tightly held city fringe locations. Positioned on the ground floor of a quality mixed-use building, the property is securely leased to premium wellness operator 1Remedy.

Located in the heart of Potts Point, just moments from Kings Cross Station, the premises feature a high-quality bespoke fit-out with polished concrete floors, exposed sandstone walls and purpose-built wellness suites.

Key Features
/ Lease terms: January 2024 - 2029 + 5 year option
/ Securely leased to established wellness operator 1Remedy
/ Premium bespoke fit-out throughout
/ Ground-floor commercial investment
/ Prime Potts Point location
/ Approx. 150 sqm* NLA
/ Approx. 2-minute walk* to Kings Cross Station

Commercials
/ Current Gross Rent: $100,785.50 p.a. (3% annual increases (Option year one 4%))
/ Current Net Rent: $78,785.50 p.a. approx.
/ Asking Price: $1,500,000
/ Passing Net Yield: 5.25%

For further information please contact Will Catherwood.