2013 Spring

THE PROPERTY REVIEW 

Winter/Spring Quarter 2013 

www.towerlondon.com 

1

Enquiries regarding this magazine should be made to: 

Tower & London 

38 Alfred Street, Milsons Point NSW 2061 

Phone: (61) 2 9956 6500 Fax (61) 2 9956 6522 

Email: reception@towerlondon.com 

Disclaimer: 

The information contained in this publication is for general information purposes only. Readers are advised that while an earnest effort has been taken to 

ensure the information in this document was obtained from reliable sources, Tower & London gives no guarantees or warranties, written or implied, over 

the accuracy of the information provided. Tower & London Pty Limited disclaims all responsibility for any loss or damage suffered as a result of the use of the 

contents of this publication. The views expressed in this publication are those of the writers and do not necessarily reflect the views of the publisher. 

Photography kindly supplied by Lionel Tregret. Magazine designed by Simone Holloway. (for contact details please contact Tower & London) 

2

Winter/Spring Quarter 2013 

Message From John Tower 

4-6 

The Cyclical Nature Of The 

Property Market 

Landlord Protection Insurance 7 

Residential Sales 8-17 

Residential Leasing 18-21 

Landlords need to find good 

22-23 

commercial tenants 

to compliment their investment 

property and 

provide reliable returns on their 

investment 

Commercial Sales 23-25 

Commercial Leasing 26-27 

Our Offices 28 

THE PROPERTY REVIEW 

A quarterly magazine 

published by 


3

The Cyclical Nature Of The Property Market 

Along with other forms of investment; it is widely recognised that property follows a predictable cycle. 

The property cycle, if unimpeded, has thee recognised recurring phases of boom, bust, and recovery; 

this is a consistent cycle which can be accurately assessed. The property cycle must have a ‘free market’ 

where ownership is attainable by citizens without significant Government restrictions, or any form of 

ownership. 

Boom 

When the Boom phase 

commences, most people 

don’t think it will last because 

they do not have the context 

of understanding the property 

cycle. It is not until prices have 

increased to a noticeable level 

that the number of buyers start to 

overcome the number of sellers, 

this margin increases rapidly as 

prices are pushed higher in the 

fierce completion, culminating in 

a final and short spike in values 

just before a collapse. There are 

number of factors that fester the 

right environment for a boom, 

these factors start well before 

the boom and some expire 

during the boom. These are the 

signs that the astute investors in 

property pick up and make their 

decisions whether to buy, sell or 

hold. 

4

Before, or the commencement of the boom: 

-Rents rise, usually putting pressure on tenants. 

-Vacancy rates reducing. 

-Interest rates start to fall, or the economic 

environment is such that there is strong likelihood 

of falling. 

-property is becoming in short supply, not many 

new development projects on the horizon. 

During the boom: 

-Property sells very quickly. 

-Property prices are noticeably rising. 

-New developments get underway; off-the-plan 

selling is back on. 

-Finance is easy to obtain. 

-Yields fall as property values increase and tenants 

start buying. 

-Rents stabilise or start to decrease. 

-Media hype fuelling the property boom. 

-Property seminars competing for investors. 

-Everyone is buying property as financial 

institutions take advantage of the boom, lending 

to the masses and taking rising values of existing 

property as equity for new purchases. 

Bust 

Generally, the longer and the bigger the preceding 

boom, the longer and the harder is the subsequent 

bust. Although bust period is a lengthy time, it 

comes rather suddenly. When the hype of buyers 

gets to ridiculous levels: bust is about to happen. 

Those that can see the signs, sell quickly, but the 

majority are caught, typically those that bought at 

the peak of the boom. Bust periods are typically 

long and arduous periods and there is usually too 

much supply and very little buyers’ apetite. Values 

remain stagnant for years after the initial decline, 

the decline in values is often repeated, interrupted 

by lengthy periods of stagnation. 

Just before the bust: 

-Property value spike. 

-Vacancy rates rise. 

-Governments start to look for ways to subdue 

buyer enthusiasm. 

-Increase in number of mortgage providers and 

lending schemes. 

During the Bust: 

-Increased vacancy rates and decrease 

in rental values. 

-Interest rates rise due to economic conditions 

or as part of subduing the market. 

-Property values fall. 

-the time to sell property lengthens markedly. 

-Increased number of forced sales, (mortgagee 

in procession) 

-Property finance is difficult to obtain. 

-Media ‘doom and gloom’ further affecting 

market sentiment. 

-Many properties coming into the market 

increasing supply, whilst the demand is weak 

at best. 

Recovery 

The recovery is shorter that the boom or bust 

phases; this phase is determined by a number 

of improvements factors following better signs 

5

during the end of the bust phase; the very early 

signs are: 

-Increased rents and vacancy levels lowering. 

-Property prices begin to increase or stop falling. 

-Uncertainty in the media as to whether the bust 

is over, or if it is just a short reprieve. 

-Buyer are generally uncertain and hold off. 

The property market, as explained above, is highly 

cyclical. One important factor, not covered above, 

is that the property market is segmented: that is 

divided into mini markets, and the segments get 

smaller and more specific; these segments are 

defined by the use of property, such as residential 

or commercial; and within these uses, are the 

main various cities, and then regions within these 

cities and the types of properties within these 

smaller regions. 

The overall cycle of say the residential property 

market in Sydney may be counter cyclical to the 

residential market in Perth, for example: as we 

have seen in recent years, when the Perth housing 

market was booming due to the mining investment 

phase, the Sydney housing market was in the 

doldrums; and this year, it’s in almost the reverse. 

Melbourne is beginning to stagnate mainly due 

to the over development of apartments, while 

Sydney is on a growth path of new construction. 

Segmenting the Sydney housing market further 

and concentrating on regions, such as the Lower 

North Shore, provides valuable information to 

property investors; as the cycle of this segment 

might not follow the general Sydney residential 

cycle. Because timing is at the core, and three 

months could make a notable difference in values, 

the changes in the nuances of the market from 

recovery to boom must be noticed and considered 

in order to capture the full benefit of a particular 

cycle. 

The two graphs, on the previous pages, have 

been part of this column for many years, highly 

segmented, covering the three main local 

government areas on Sydney’s lower North shore 

and cover the past five years. Here is an example 

that within on local council area of say Mosman, 

divided further to a segment on houses in Mosman 

and one on units: for the past five years Mosman 

houses have hovered around $2 million; whereas 

units have increased from $460,000 to $675,000; 

an astonishing increase of 46%. 

In writing this article, I was inspired by ‘100 years 

of Real Estate values in Chicago’; Homer Hoyt. 

New York : Amo Press, 1970 (c1933). Dr. Hoyt was 

a property valuer and a Land Economists and was 

the first pioneer of studying property cycles, he 

had an amazing career that incorporated work 

as a real estate consultant, an investor and in 

academia. Other contents of this article are drawn 

from the quarterly Property Profile; Real Estate 

Institute of NSW (March 2013) 

John Tower 

M.D. Tower & London 

Licensed Real Estate Agent 

Registered Property Valuer 

6

Landlord Protection Insurance 

Why do landlords need insurance? 

Most people are familiar with insurance – you buy 

an expensive product then you buy insurance to protect 

it in case of loss or damage. Think of your car, your mobile 

or laptop. It is the same when it comes to investment 

properties. Most landlords do not want to think about 

damage to their investment properties, tenants who do not 

pay the rent or people sustaining an injury on their property, 

but unfortunately these things do happen. 

Landlords’ protection insurance is designed specifically 

for landlords in these situations. 

What does it cover? 

-Malicious Damage– covers deliberate and intentional 

damage by tenants in the property. 

-Your liability as a landlord– covers claims made against 

you by a tenant or visitor to the property 

-Rent Default– if your tenant defaults on rent, leaves the 

property before the end of the rental period or is legally 

evicted, the policy can provide cover for lost rent until 

the property is re-let. 

Without insurance, the landlord would be paying for the 

above listed items out of their own pocket. 

What is not covered? 

Most landlords’ insurance doesn’t cover what’s called tenant 

neglect or general wear and tear. This could include cigarette 

burns in the carpets, scuff marks on the walls from moving 

furniture and damage caused by pets. 

How much does it cost? 

Landlords’ insurance is priced for affordability – around $345 

per annum for every property in NSW. 

Landlord insurance VS building Insurance 

Many landlords are confused between landlord insurance 

and building insurance, to assist in understanding 

the differences please see the below case study. 

Case study 

In January 2011, the owners and their property 

manager accepted a professional couple to be tenants 

in a property. In December 2012, the tenant stopped making 

rental payments and the property manager terminated 

the tenancy based on ‘non-payment of rent’. When the 

keys were returned, the property manager viewed the 

property and found that there had been numerous instances 

of malicious damage throughout the property. The tenant 

also owed six weeks of rental payments. 

If he had a building policy… 

A standard building policy does not cover: 

-rent default when the tenant leaves without notice 

-Loss of rent when the property cannot be rented out 

-Damage caused by the tenant or their visitors 

The owner learns this when he submits his claim. 

Unfortunately, the bond is not enough to cover the six 

weeks of rental payments as well as the cost of making the 

apartment presentable for re-letting and the loss of rent 

between tenants. 

If he had a landlords’ protection insurance policy… 

A landlord’s insurance policy covers events not usually 

recoverable under standard building and/ or contents 

policies. This includes malicious damage, loss of rent and 

rent defaults. In the above scenario, the owners claim 

would have been accepted by his insurer. 

Sophie Wang 

Accountant 


7

Residential Sales 

53 Wheeler Parade, Dee Why 

AUCTION- Onsite 14th September 11am 

Grandstand Panoramic Views 

A rare opportunity to acquire a unique parcel of land on the apex of the Dee Why/ North Curl Curl peninsula. 

We are offering a very comfortable full brick home circa 1950’s with the opportunity to further develop the home by the 

addition of a second storey or a full demolition and redevelopment of the site, subject to council approval. 

This elevated, near level block has driveway access and is surrounded by modern homes justifying substantial further 

investment in the site. 

Enjoy a casual 600 metre stroll down to the vibrant Dee Why beachfront bar and restaurant scene or if the surf is up at North 

Curl Curl, it’s just on a kilometre away. 

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Outgoings 

Water 

Council 

$690 per quarter 

$2,241 per quarter 

4 2 2 

Details and Viewing: 

John Tower 

Phone: 9956 6500 

Email: john@towerlondon.com 


9


4/36 Milner Crescent, Wollstonecraft 

AUCTION 

Spacious Townhouse 

SOLD 

This property lies hidden in the midst of leafy trees, in a collection of 

distinctive townhouses in beautiful Wollstonecraft. With a totally separate 

front door this townhouse feels just like a freestanding house. Featuring 

three bedrooms on the top floor, all with leafy green outlooks; the main 

boasting an ensuite. 

The downstairs level is surrounded by sliding doors with timber shutters, 

separating the wraparound courtyard and garden from the spacious internal 

areas. The property also includes a Lock-up garage. 

3 2 


John Tower 

Phone: 9956 6500 



1 

10

4/45 Chandos Street, St Leonards 

For Sale $875,000 


Winter Garden 

SOLD 

Reminiscent of Renzo Piano’s designs; this apartment is flanked by a full 

width sunroom with floor-to-ceiling louvered glass panels creating a shelter 

for light and warmth. Combined, but distinctly positioned, are the dining 

and lounge areas, each with its own opening to the sunroom; the master 

bedroom, also opening to the sunroom, has a superb ensuite and a fitted 

walk-in wardrobe; the second and third bedrooms are both with wardrobes, 

the former is larger. The main bathroom has two areas separated by a timber 

framed glass door, a fitted laundry and a magnificent and fully equipped open 

plan kitchen with German made fixtures, finished with stone benches. This 

near new apartment is in a medium rise block of four to a floor apartments 

in an enviable position near St Leonards plaza, station and just a short walk 

to Crows nest cafés and restaurants. 

11 

3 2 1 


John Tower 

Phone: 9956 6500 


www.towerlondon.com


54/7-17 Sinclair Street, Wollstonecraft 

For Sale $450,000 

Art Deco With City Lights 

This unique modern two level apartment was recreated in one of the north 

shore’s famous Art Deco buildings, On the corner of Sinclair and Rocklands 

road and opposite the Mater Hospital; it is stone’s though away from public 

transport and a short stroll to Crows Nest Café’s and shops; the living room, 

fully equipped kitchen and laundry are on the entry level, and the bedroom 

and bathroom are on the upper level. This is a security building with 

underground parking space. This compact but well-designed unit is priced at 

a realistic level for the discerning owner occupier to investor. 

1 1 


John Tower 

Phone: 9956 6500 



1 

12

47/94-96 Alfred Street, Milsons Point 

For Sale $950,000 


Northern Winter Sun In Every Room 

SOLD 

This sizable apartment is in one of Milsons Point popular buildings, Portofino; 

next to the historic church building. Positioned on the eighth floor and on 

the northern and eastern side of the building capturing lovely harbour views 

and abundant winter warmth. Internally the apartment is of typical size for 

the 1990’s era, being about ten squares. Although the lounge and dining 

area are in one room, they are adequately separated to their own side of 

the elongated living space, both sharing the side northern balcony with 

its expansive glass doors framing the church steeple, only slightly covered 

by the classic timber shutters allowing sunlight to be controlled, while the 

lounge itself also opens to the semi-circle balcony at the front taking in the 

views. 

2 2 1 


John Tower 

Phone: 9956 6500 



13


6 Waiwera Street, McMahon Point 

AUCTION- Onsite 18th October 

Classic Terrace With Harbour Views 

Commanding position, on the east side of the peninsula, set high above 

street level is this fine property in a row of beautiful terraces. The classic 

architectural features have been preserved over time; renovations were 

made some time ago leaving room, and the opportunity, for the new owners 

to further improve and put their mark on the property. Accommodation 

on the entry level comprises formal lounge and dining rooms, leading to 

kitchen and family room and opening to the rear courtyard. The 2nd level 

accommodates two bedrooms, the main with an amazing view of the harbour 

and the Harbour Bridge, and the rear bedroom is of fine propositions, and 

two good bathrooms. Stairs leading to the upper most floor with an enclosed 

third bedroom or study. This terrace has a lock-up garage at the front and a 

front courtyard area above it. 

14 

3 2.5 


John Tower 

Phone: 9956 6500 



1

11/1 Harbourview Crescent, Milsons Point 

For Sale $1,700,000 


Mirvac on Lavender Bay 

SOLD 

Away from the bustle of Milsons Point, opposite Clark Park there is an icon 

in the area: Helmspray, is one of the original quality buildings in Lavender 

Bay/Milosns Point area developed by Mirvac, arguably, Australia’s best 

development company; a relatively small well-built block, substantially 

owner occupied, with another access form the side lane to Milsons Point 

station. Unit 11 is perfectly positioned to capture pleasant views of Lavender 

Bay and the tranquil sounds of ropes ringing the boat masts. Accommodation 

comprises three bedrooms with ample hanging storage, two superbly 

renovated bathrooms, a quality kitchen with breakfast area, semi enclosed 

dining room, lounge and all the bedrooms are wrapped in balconies, laundry 

and storage. 

3 2 2 


John Tower 

Phone: 9956 6500 



15


709/2 Dind Street, Milsons Point 

For Sale $1,350,000 

Spectacular Harbour Views From The Pinnacle 

SOLD 

The Pinnacle is a luxuriously appointed modern building in prime location in 

Milsons Point, with first class amenities and 24 hour concierge. Set in midlevels, 

this superb 2 bedroom apartment enjoys sweeping harbour views 

from every room; the harbour bridge, in full view, is prominent from every 

window; like a post card from the living room. Two marble bathrooms, the 

master is lavish; and a delightful kitchen with quality fittings and stone 

benches. The balcony, accessed from the living room and the main bedroom, 

is private, sheltered and capacious with a great view. Not just car space, but 

a separate lock-up garage on title. 

2 2 


John Tower 

Phone: 9956 6500 



1 

16


For Sale $1,000,000 


A Quintessential Milsons Point Apartment 

SOLD 

The Pinnacle has been described as “the benchmark in Architectural 

Excellence this level of quality certainly ranks it as one of the best buildings 

in Milsons Point; ideally positioned at the edge of the high-rise precinct, with 

resort like facilities including a lap pool and a great gym. This elegant two 

bedroom apartment has a massive living area finished with solid parquetry 

timber floors spanning 8.4 meters, on one end is the kitchen on the other a 

large window with diagonal views of the western end of the harbour. Two 

fully fitted bedrooms with ample storage, the second is larger than most; 

two marble bathrooms that only pictures do justice; the kitchen is a delight 

with quality appliances, a square useful balcony and a lockup garage. 

2 2 1 


John Tower 

Phone: 9956 6500 



17

Residential Lease 

LEASED 

14/1 Harbourview Crescent, Milsons Point 

For Lease $1,100pw 

Elegant & Spacious Furnished 

Apartment with Stunning Views. 

Situated on the 5th floor of the ‘Helmsprey’ building, 

this apartment comprises three bedrooms with plenty 

of storage, two superbly renovated bathrooms, a quality 

kitchen with breakfast area, semi enclosed dining room, 

open lounge and internal laundry. The property also 

features an over-sized wraparound balcony perfectly 

positioned to capture stunning views of the city and part 

of the Harbour Bridge whilst also boasting tranquil views 

over Lavender Bay. 

3 2 2 

LEASED 

65/94-96 Alfred Street, Milsons Point 


Breathtaking Views Across the 

Harbour 

This sizable apartment is in one of Milsons Point popular 

buildings, Portofino; next to the historic church building. 

Positioned on the 12th floor and capturing lovely 

harbour views and abundant winter warmth. Featuring 

3 bedrooms, the master with a walk in robe and ensuite 

as well as storage in the other 2 bedrooms plus 2 carspaces. 

The property has recently undergone major refurbishment 

including a brand new kitchen, new timber flooring, carpet, 

wardrobes, blinds and a fresh coat of paint throughout. 

3 2 2 

18

LEASED 

20/7 Highview Avenue, Neutral Bay 

For Lease $750pw 

Sweeping Sydney Views 


Perched high atop Neutral Bay, this spacious two 

bedroom apartment enjoys panoramic views of the CBD, 

Harbour Bridge, harbour and North Sydney. Internally, 

the apartment boasts generous living areas, totaling 

102sqm. The property has 2 bedrooms, both with built in 

storage, a large bathroom equipped with bath and shower, 

internal laundry and a great kitchen with amazing views. 

In addition, the property also features a large wrap-around 

balcony and parking for 2 cars in tandem. 

2 1 2 

LEASED 



Spectacular Harbour views from 

the Pinnacle- Furnished 

The Pinnacle is a luxuriously appointed modern building 

in prime location in Milsons Point, with first class 

amenities and 24 hour concierge. Set in mid-levels, this 

superb furnished 2 bedroom apartment enjoys sweeping 

harbour views from every room. Two marble bathrooms, 

the master is lavish; and a delightful kitchen with quality 

fittings and stone benches. The balcony, accessed from the 

living room and the main bedroom, is private, sheltered 

and capacious with a great view. Not just car space, but a 

separate lock-up garage. 

2 2 1 

19


809/8 Glen Street, Milsons Point 

Featuring a spacious modern design, with high ceilings and flowing living 

areas, this furnished one bedroom unit offers an unsurpassed level of 

style and comfort. Perfectly positioned in one of Milsons Point’s most 

contemporary buildings ‘Azure’, this property is a short walk to cafes, 

shops, public transport & North Sydney’s CBD. 

1 1 $600pw 

301/227 Victoria Street, Darlinghurst 

Situated in the iconic “Top of the Town” apartment complex, this one 

bedroom furnished apartment, is ideally located close to the Eastern 

Suburbs best cafes, restaurants and bars. The large open-plan living room 

features a foldaway bed hidden behind a built in bookcase and can be split 

in half by hidden doors to form a private second bedroom when needed. 

1 1 $600pw 

LEASED 

34/20 Carabella Street, Kirribilli 

Beautifully renovated spacious studio with harbour views from the 

balcony. Featuring brand new carpet in the living areas and new flooring 

in the kitchen. Property includes a generous balcony off the living room 

to enjoy the harbour views. 

1 1 $400pw 

LEASED 

702/12 Glen Street, Milsons Point 

This beautifully presented furnished one bedroom offers a quiet home for 

the busy exectutive. Light & bright living area with large balcony offering 

views over Lavender Bay, polished floor boards and a well equipped 

kitchen. The spacious bedroom is freshly carpeted & offers generous 

wardrobe space and access to the ample balcony. 

1 1 1 $650pw 

LEASED 

20


202/38 Alfred Street, Milsons Point 

Located in the landmark building Port Jackson Tower this apartment 

features a large living area with timber floors, and floor to ceiling glass 

capturing pleasant views across to Bradfield Park with glimpses of the 

Harbour. Two spacious bedrooms, modern kitchen and bathroom, sunny 

balcony with Internal laundry & one security parking. 

2 2 1 $750pw 

51/21 Elamang Avenue, Kirribilli 

This fabulous 2 bedroom unit is positioned in a quiet & bright corner of the 

building capturing tranquil water views over Careening Cove. It features 

built-in wardrobes in both bedrooms, & bathroom equipped with shower 

over bath. It is located in a security building which offers an external 

swimming pool. 

2 1 $600pw 

LEASED 

LEASED 

5/67 Kurraba Road, Neutral Bay 

Well presented one bedroom apartment located in the heart of Neutral 

Bay. Renovated kitchen, bedroom with built in wardrobe as well as one 

car space. 

1 1 1 $400pw 

703/30 Glen Street , Milsons Point 

This prestigious three bedroom apartment boasts serene harbour views over 

Lavender Bay captured by the long balcony that stretches the length of the 

property. The apartment offers a beautifully modern kitchen with hardwood 

floors, gas cooking, stainless steel Bosch appliances & plenty of storage as 

well as an internal laundry. 

3 2 2 $1,100pw 

21

COMMERCIAL REAL ESTATE 

Landlords need to find good commercial tenants 

to compliment their investment property and 

provide reliable returns on their investment 

Landlords need to take a long term view 

of where they want their investment property 

to be positioned as a desirable location for 

tenants to occupy and do business. Landlords 

need to find tenants that can run successful 

businesses and demonstrate the desirability 

of occupying their property and attract other 

robust and profitable tenants who are able 

to pay the rent. 

Commercial leases usually create lengthy 

terms of occupation and the landlord 

has to plan a strategy which provides 

an harmonious tenancy mix, competitive 

lease covenants providing for rental growth 

and the opportunity for capital growth. 

Tenant mix 

The right anchor tenant will attract 

a complimentary mix of tenants which should 

have the right fit with other minor tenancies 

in the building. Anchor tenants usually 

require exclusivity of use as part of the lease 

negotiation process. 

Buildings without anchor tenants require 

the landlord to seek out complementary 

tenancies which in some cases can compete 

22 

for particular patronage. A good example 

of this is the fast food industry where outlets 

of popular brands such as McDonalds, 

KFC and Dominos co exist profitably and 

become a sought after centre for fast food 

in the locale. 

Rents 

The current commercial market, particularly 

on the lower north shore, has been largely 

driven by a rash of company downsizing 

and economy measures. Today’s tenants 

are well aware of the regime of incentives 

being almost universally offered by landlords 

to attract tenants. Landlords need to know the 

marketplace and set an achievable balance 

of rental income versus incentives to get 

a result which is beneficial to both parties. 

Presentation 

Improvement to the presentation 

of commercial space is one really positive way 

improving the desirability of the premises 

to potential tenants. We recently leased 

space to a prominent architectural firm who 

were given the opportunity of input into the 

make good of the outgoing tenant and the 

design of the reception area to create an ideal

Commercial Sales 

layout for their practice. They could of leased 

cheaper space but preferred this option. 

Marketing 

Specific direct marketing approaches still 

generate good tenancy inquiry however ask 

yourself where you would look for commercial 

space and invariably you come back to the 

internet as the preferred advertising medium. 

Sites such as www.realcommercial.com.au 

and www.commercialview.com.au now offer 

broad coverage of the commercial, industrial 

and retail markets at a fraction of the cost 

of print media. 

What we’ve covered here is just a brief outline 

of sound reasoning on the current market. 

If you’d like to talk to us about finding good 

tenants, or if you are a tenant looking for 

your ideal office space, please give me a call 

on (02) 9922 7007 or Email me, John Wood, 

commercial@towerlondon.com. 

John Wood 

Licensed Real Estate Agent 

Commercial, Industrial and Retail 

Shop 1/144-150 Liverpool Street, Darlinghurst 

For Sale $550,000 + GST 

Prime Street Frontage Retail 

•Busy Precinct 

•50 Metres From Oxford Street 

•Good Exposure and Signage 

•Approximately 30 sq metres 

This is a great opportunity for the switched on retailer to 

capitalise on this inner city location. Busy yet friendly with 

an eclatic mix of bypasses and neighbours. 

Total 

Area 

32sq 


John Wood 

Phone: 9956 6500 

Email: commercial@towerlondon.com 

23


23 Awaba Street, Lisarow- For Sale or Lease 

Offers Over $2,000,000 + GST 

Budget Price Point Industrial Freestanding 

Buildings For Sale or Lease 

Building A:932 sq metres with offices and amenities 

Building B:1639 sq metres with offices and amenities 

$75 Per sq metre per annum + gst net 

Clearspan warehousing plus loading docks 

Low outgoings 

Secure on site parking 

Walk to lisarow station 

SMSF’s note will show positive cash flow 

Opportunity knocks for the astute purchaser or tenant to secure good 

industrial premises in a central location offering easy access by public 

transport. 

Building 

A 

932sq 

Building 

B 

1639sq 


John Wood 

Phone: 9956 6500 


24

9/9-11 Chaplin Drive, Lane Cove 

For Sale Realistic Offers Considered 


High Tech Industrial Unit- Hugely Motivated 

Vendor- Security Estate 

Modern high tech industrial unit located in the Lane Cove Industrial area. It 

consists of ground floor warehouse area (104 sqm) and mezzanine level air 

conditioned office space (88 sqm). The total strata plan area is 248 sq metres 

inclusive of car parking - 4 car spaces in total. 

Chaplin Drive is a precinct of modern, recently developed industrial buildings 

and has easy access to the Gore Hill, M2 & M7 freeways. All major Sydney 

industrial areas are serviced by this network 

Total 

Area 

192sq 4 


John Wood 

Phone: 9956 6500 


25

Commercial Leasing 

302/161 Walker Street, North Sydney 

For Lease- Realistic Market Expectations 

Sharp Fit Out - Sharp Pricing 

•125 sq metres approximately 

•Internal Kitchen 

•Boardroom 

•Reception 

•General Office Area 

•2 Offices/Meeting Rooms 

This 125 sq metre office has a lot to offer with a very versatile layout. Walker 

House is conveniently located near Berry Street. Security car space in 

basement of building. 

Total 

Area 

125sq 1 


John Wood 

Phone: 9956 6500 


26

Shop 4/59-67 Strathallen Avenue, Northbridge 

For Lease $48,000 + GST 

Commercial Leasing 

Main Road Retail With All Day Parking Retail 

Exposure At Office Rental 

•91 sq metres 

•Central location 

•10 minutes to the 3 cbds 

•Modern refurbished centre 

•Look at the rent only $48000 pa + gst 

Looking for exposure and client parking?? 

Look no further!! 

Total 

Area 

91sq 7 


John Wood 

Phone: 9956 6500 


27

Our Offices 

SYDNEY 

38 Alfred Street, 

Milsons Point, NSW 2061 

Sydney, Australia 

Phone: (612) 9956 6500 

Fax: (612) 9956 6522 

HONG KONG 

6/F Luk Kwok Centre, 

72 Gloucester Rd, 

Wan Chai, Hong Kong 

Phone: (852) 2918 8788 

Fax: (852) 2918 9808 

•Executive Leasing 

•Property Sales 

•Property Management 

•Property Refurbishment 

•Valuations 


28

2013 Spring

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