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197 Castlereagh Street, Sydney

197 Castlereagh Street, Sydney, NSW, 2000, AU

197 Castlereagh Street, Sydney_Property for Sale

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197 Castlereagh Street, Sydney 2_Property for Sale

Asset description

JLL and Cushman & Wakefield have the privilege of offering Lot 1 of 197-199 Castlereagh Street, Sydney to the market. 

Attributes

Building area gross
28,223 sf
Year built
1995

Investment highlights

This fully-leased investment opportunity provides the following key benefits:


  • 100% leased to City Tattersalls Club (long standing covenant)
  • Long WALE of 9*^ years until 2031 with 2 x 5-year options
  • Net lease offering a "set and forget" investment opportunity
  • Rental growth of 3.5% annual reviews with market reviews at options
  • Located in thriving Sydney CBD centre less than 200m* to Town Hall, QVB, Hyde Park and Metro Stations
  • 2,622sqm* of contiguous NLA over 4 levels + 12 car parks
  • Net income of $1,430,246pa*^

For Sale via Expressions of Interest closing 4pm (AEDT), Thursday 8 December 2022. 

 

*Approx. | ^As at 14 November 2022 | NABERS exempt

197 Castlereagh Street, Sydney 4_Property for Sale
197 Castlereagh Street, Sydney 4_Property for Sale

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Last updated
Nov 30, 2022