2012 Summer

THE PROPERTY REVIEW 

Summer Quarter 2012- 2013 

www.towerlondon.com 

1

Summer Quarter 2012- 2013 

Message From John Tower 

Sydney’s residential property prices 

have been flat in the three months up 

to the June Quarter; yet, in Milsons 

Point it’s another story. 

4-5 

Residential Rental Market 5 

Property Marketing 5 

Terminating Tenancy Agreements 6-7 

Residential Sales 8-15 

Residential Leasing 16-21 

The Auction Season Is Upon Us 22 

Commercial Sales 23-25 

Commercial Leasing 26-27 

Our Offices 28 

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 (for contact details please contact Tower & London). 

THE PROPERTY REVIEW 

A quarterly magazine 

published by 


2 3

Sydney’s residential property prices have been flat in 

the three months up to the June Quarter; yet, in Milsons 

Point it’s another story. 

For the financial year up to June 2012 property prices had fallen about 5% across Sydney; this is largely 

due to the upper end of the price spectrum, which has fallen more noticeably than the price of more 

affordable properties. 

Sydney’s Lower North Shore has seen a small reduction in house value, whilst the small value gains 

in apartments in March 2012 have been consolidated in the June Quarter, according to the quarterly 

report prepared by the Real Estate Institute of NSW, Property Profile. 

When analysing the results 

suburb by suburb: Milsons 

Point has been an outstanding 

performer relative to the others 

in this category; I reported in the 

last issue that median apartment 

prices in Milsons Point had 

increased from $890,000 to 

$915,000; and now to June 

quarter $953,000, representing 

about 7% increase for the six 

months leading to June 2012. 

Milsons Point recorded the third 

highest median price in Sydney, 

after Millers Point and Darling 

Point; this displays that Milsons 

Point is certainly maturing as one 

of Sydney’s top residential areas 

for apartment living, strongly 

supported by the demand from 

investors, owner occupiers and 

quality tenants. 

$1,000 

2,500 

2,000 

1,500 

1,000 

500 

House Sale Prices 

- 

Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 

North Sydney 990 1,135 1,130 1,300 1,258 1,201 1,186 1,215 1,200 1,195 1,276 1,400 1,362 

Mosman 1,950 2,050 2,000 2,150 1,988 2,110 2,285 2,350 1,850 2,010 1,780 2,175 2,010 

Willoughby 1,150 1,164 1,250 1,312 1,345 1,285 1,250 1,301 1,327 1,240 1,250 1,235 1,230 

$1,000 

750 

700 

650 

600 

550 

500 

450 

Apartment Sale Prices 

400 

Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 

North Sydney 519 550 610 635 645 616 630 620 619 598 590 625 621 

Mosman 529 527 620 695 603 643 645 651 618 610 570 622 623 

Willoughby 499 520 563 570 600 581 582 600 605 600 570 580 580 

A quick scan through the sales data during the 

June quarter shows only 15 sales recorded 

for three months in Milsons Point; only one 

exceeding $3million, the rest were mostly in the 

middle price bracket which is proving to be the 

place to be. 

Residential Rental Market 

In the past year we have seen rents increase 

faster in the inner and middle suburbs than the 

outer Sydney region; over the long-term, the 

pattern has been consistent across all suburbs; 

and as there is a fall in new housing construction, 

lease terms have been increasing over time. 

Vacancy rates are hovering just under 2% in the 

inner suburbs, which is considered to be below 

effective minimum level; moreover, here in the 

Lower North Shore, we are recording levels of 1% 

vacancy, certainly our property portfolio at Tower 

& London is at this historically low vacancy level. 

John Tower 

M.D. Tower & London 

Licensed Real Estate Agent 

Registered Property Valuer 

Property Marketing 

In todays modern age property marketing is not 

as black and white as in the past. Gone are the 

days of simply placing a classified advertisement 

in the Saturday paper, today there is a multitude 

of different platforms through which you can 

market a property. 

Whilst newspaper advertising is still a valid 

method, online advertising and smart phone 

apps are proving to be an increasingly effective 

method. Given the visual nature of these 

platforms, it highlights the importance of property 

presentation. The quality of the photographs 

used and the way the property is presented are 

crucial to attract prospective buyers and tenants. 

Recently at Tower & London we have been trialing 

property videos as a new way of advertising our 

properties. These videos, like the photographs 

showcase the best aspects of the property, and 

allow a prospective purchaser/tenant to interact 

with the property and move through it, rather 

than just viewing still images and trying to 

imagine what the property is like. Examples of 

these videos can be seen on our website, for our 

recent auctions of 34 Holdsworth Street, Neutral 

Bay & 1/2 Morton Street, Wollstonecraft. 

Jessica Brincat 

Property Consultant 

BA (Media and Communications) 

4 5

Terminating Tenancy Agreements 

In previous publications of our Property Review we 

have covered aspects of the changes to The Residential 

Tenancies Act 2010 enacted on 31 January 2011. One area 

of the legislation which saw marked changes is the process 

for which a landlord or tenant can terminate a tenancy 

agreement. 

In the instance of a fixed term tenancy: 

A landlord can now provide 30 days’ notice prior to the 

end of the fixed term should they wish to terminate the 

agreement for any reason. 

A tenant in the same situation can now provide 14 days’ 

notice prior to the end of the fixed term should they want to 

vacate on the last day of their lease. 

If the fixed term period has expired and the lease is now 

periodic/month to month: 

A landlord must serve the tenant with 30 days’ notice if the 

property has been on the market for sale & the contracts 

have exchanged between vendor & purchaser. 

A landlord must serve the tenant with 90 days’ notice for 

the tenant to vacate for any other reason except for nonpayment 

of rent or any instance ordered by the Consumer 

Trade & Tenancy Tribunal. 

In the instance of non-payment of rent, a landlord may issue 

a tenant with a Notice to Vacate once the rent has reached 

14 days in arrears. However, the tenants are given a further 

14 days to pay all rent owing. 

One change which benefits the landlord is that we are no 

longer required to wait the additional 14 days to apply to 

the CTTT. An application can be made on the 15th day, 

however if the tenant pays all rent owing by the 28th day 

the Termination Notice and Application would be cancelled. 

An exception to this exists only in situations of habitually 

late paying tenants and a clear history of rent arrears can be 

demonstrated. 

In the event that a tenant instigates a lease break during 

the fixed term period 

The new legislation has introduced a lease break fee for 

which tenants pay to vacate a property during a fixed term 

period. 

If the tenants vacate the property in the first half of the 

lease, the tenant is liable to pay a fee equivalent to 6 weeks’ 

rent. If the tenant vacates in the second half of the lease, the 

fee payable is equivalent to 4 weeks’ rent. 

This fee is absolute. The tenant is not liable for rent until 

another tenant is found, as previous legislation required; 

the landlord would have to pay agent’s letting fee and any 

other expenses related to reletting the property. The tenants 

are not required to cover any advertising or reletting fees 

incurred by the landlord in securing a replacement tenant. 

Should the Lease break fee not be included in the tenancy 

agreement the terms outlining the financial liability to the 

tenant must be expressed clearly and agreed to by both 

parties at the time the agreement is signed. 

Please note this information is provided as a guide and 

covers only a section of the Residential Tenancies Act 2010. 

Please feel free to contact me at any time should you have 

any queries regarding these changes, or any other tenancy 

issues. Additionally a full copy of the Act can be found at 

www.legislation.nsw.gov.au 

Brie Purnell 

Senior Property Manager 


What can Tower & London do for you? 

Executive Leasing 

The main thrust of the business is its leasing department. The majority of the residential leases are negotiated 

to company executives, general managers and diplomats. The properties leased are middle level to exclusive 

apartments, most with prime harbour views. Many major Australian and international companies have entered 

into leases with Tower & London. 

Property Sales 

Apart from considerable private treaty and auction experience Tower & London assist in decorating the property 

for sale or auction in order to realise the highest possible sale price. The sale price often exceeds their valuation. 

Tower & London have sold every property listed within the exclusive agency period. 

Property Management 

Our property management Team comprises of our Senior Property Manager Brie Purnell. Brie came to Tower & 

London with 8 years of residential property management experience and a strong family background in property. 

Brie is driven by her strong commitment to customer service, this means our client’s best interests are always 

our focus. Brie is supported by Jessica Brincat in leasing & marketing. At Tower & London we have a full time 

Trust Account, Sophie Wang. Sophie is dedicated to ensuring our clients financial matters are given the attention 

they deserve. 

Property Refurbishment 

Tower & London manage small refurbishment projects. Often apartments in prime locations require upgrading 

in order to maximise returns and increase owner’s equity. Over the years, Tower & London have accumulated an 

efficient team of tradespersons to undertake such projects with high quality and care. 

Valuations 

Property valuations for any purpose are prepared within 48 hours. Expert advice is provided on many technical 

issues concerning property values. Comprehensive feasibilty studies and Discounted Cash Flow analysis (DCF) 

are conducted on small to medium developments and refurbishment projects. 

6 7

Residential Sales 

34 Holdsworth Street, Neutral Bay 

Auction 

Auction: 17th November 2012 at 11am on-site 


The Grand Renovation - Contemporary Indoor/Outdoor Living Areas 

Beautiful Californian bungalow consisting of the original house constructed around 1915 and a brand new, open plan extension 

providing substantial living areas with bi-fold sliding doors connecting the rear deck and outside spaces into the living area. 

The property consists of 3 generous bedrooms, the master with attached sunroom, modern bathroom with bidet, kitchen, 

large open plan living/dining room, laundry with second shower and toilet and storeroom. The high roofline provides ample 

scope to further extend the accommodation. 

The renovations have provided a finished product that combines the charm and elegance of the original home with a 

contemporary extension providing open plan living and dining areas. 

The property features off site open parking in the drive way for 2 cars in tandem. 

Auction 17th November 2012 at 11am on-site. 

Outgoings 

Water 

Council 

$185 fixed + usage per quarter 

$322 Per quarter 

3 2 2 

Details and Viewing: 

John Tower or Jessica Brincat 

Phone: 9956 6500 



8 

9


1/2 Morton Street, Wollstonecraft 

Auction 

2301/37 Glen Street, Milsons Point 

For Sale $1,800,000 


Renovated two bedroom garden apartment 

surrounded by outdoor entertaining areas. 

Hidden away in leafy Morton Street, this freshly refurbished ground floor 

apartment hosts an array of outdoor living areas that can be accessed from 

every room in the property. Offering an open living area with polished 

floor boards, reverse cycle air-conditioning and fully retractable glass doors 

leading out to the spacious rear garden complete with its own private gate 

entrance and shed - perfect for summer entertaining! 

The property has two generous bedrooms, the main with a brand new 

ensuite and the second connected to the study with charming French doors 

opening to the side courtyard, both rooms have ample wardrobes. The 

kitchen features granite bench tops, a deluxe five burner gas cook top and 

oven, dishwasher & built in Smeg microwave. 

SOLD 

2 2 



Phone: 9956 6500 



1 

Breathtaking Views! 

Situated on the 23rd floor of the Peninsula Tower, this three bedroom 

apartment encompasses magnificent views from every window. 

The property boasts generous open plan living spaces framed by two 

balconies opening up to sweeping views of Sydney Harbour stretching as 

far as the Blue Mountains. Featuring three bedrooms each with their own 

unique views, the master includes a walk in robe and ensuite, whilst the 

remaining bedrooms are equipped with built-ins. The property also features 

a bright and airy kitchen, internal laundry and 2 secure stacked car spaces. 

There is really only one way to describe this property - Breathtaking! 

3 2 2 



Phone: 9956 6500 



10 

11



Undisclosed 

1 Thomas Street 

For Sale $1,500,000 


Designer One Bedroom In Immaculate ‘Azure’ 

SOLD 

Architect’s Own Home 

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

areas, this one bedroom plus sunroom unit offers an unsurpassed level of 

style and comfort. The bedroom sits perched overlooking the ample eatin 

kitchen and open plan living spaces, which stretch out onto a fabulous 

entertainer’s balcony. The property includes a beautifully appointed 

bathroom and kitchen with modern appliances and conveniences. 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. This immaculately presented property would make an exceptional 

home or potential investment. 

1 1 



Phone: 9956 6500 



Located in quite Thomas Street, this architecturally designed home is unlike any 

other property. Built in the 1970’s, this property features a spacious open plan 

kitchen/dining area with sliding doors opening onto the first floor courtyard. 

Downstairs, the property boasts an expansive second bedroom/ study 

and a tidy bathroom. As you move upstairs along the open staircase 

you are welcomed into the large living area with working fireplace, 

which sits elevated and overlooking the kitchen and courtyard below. 

The large master bedroom is located on the top floor and comes complete 

with en suite bathroom featuring a luxurious sunken spa bath, encased in a 

circular glass brick surround, plus plenty of built in storage. 

2 2 1 



Phone: 9956 6500 



12 

13


6C/2 Gasworks Road, Wollstonecraft 

For Sale $800,000 

1508-1518/30 Glen Street, Milsons Point 

For Sale $850,000 


Resort Style Living By The Harbour 

SOLD 

Dual Key New York Style Apartment. 

SOLD 

Situated in the elegant Wondakiah Development this apartment represents 

the height of luxury in its immaculate resort style setting. This spacious and 

modern apartment has two generously proportioned bedrooms, the master 

featuring a walk in robe and ensuite and the 2nd bedroom equipped with 

built in robes. The property also boasts a light and airy living space which 

opens up onto a large balcony capturing sweeping views over the resort 

and glimpses of the harbour beyond. The apartment also features a granite 

kitchen with modern European appliances, internal laundry and two secure 

car spaces. 

2 2 2 



Phone: 9956 6500 



In the centre of Milsons Point and in one of the most popular buildings, 

The Colonnades; this dual key property is perched on the 15th floor and 

occupying the north east corner of the building. The main entrance leads 

to two doors, one to each separately metred apartment: a one bedroom 

unit extending at the rounded glass façade, which is the main feature of this 

building, and a studio unit with glimpses of Lavender Bay. Included in this 

superb property package is a secure parking space and a store room. The 

Colonnades is a great complex with 24 hour concierge, a massive pool and 

gym area. This is great investment property with depreciation allowances 

and a gross income of $1,100 per week; or to the owner occupier and simply 

use it as a two bedroom home. 

2 2 1 



Phone: 9956 6500 



14 

15


728 & 730/187 Kent Street, Sydney 

Undisclosed 

15/59 Upper Pitt Street, Kirribilli 

For Sale $1,100,000 


Dual Key City Apartment 

SOLD 

Two Bedroom Apartment with Harbour Views 

SOLD 

The northern end of the city is arguably the nicest residential precinct; this 

popular building has a fantastic gym and swimming pool complex; up on the 

north eastern end of the building is this large dual key apartment containing 

two separate one bedroom apartments: one on the east of the building and 

the other in the centre with limited views to the harbour. The large one on 

the east has an area of 84 square meters, and the smaller one has 48 square 

meters, totalling 132 square meters in the heart of the city; at an asking 

price of under $6,500 per square meter; it has to be one of the best value 

properties in the city. 

Located in an immaculately maintained Company Title Georgian era 

building at the heart of Kirribilli, this elegant apartment is perfectly 

2 2 

positioned to capture spectacular main harbour views, framed 

by the Opera House and the Harbour Bridge with city lights glittering 2 1 1 



Phone: 9956 6500 



in between. Only a short walk to Kirribilli shops and cafés, Milsons Point 

Railway station and the ferry wharf. Just one floor up from street level is this 

two bedroom apartment with generous proportions and in good condition, 

but with room for improvement to individual taste; complementing this 

ideal property is a rare and secure lock-up garage. 



Phone: 9956 6500 



16 17

Residential Lease 


8/11 Moodie Street, Cammeray 

This three level townhouse comprises of four bedrooms, three on the 

second floor with built-ins and two bathrooms, and the forth, is a massive 

attic above. The front courtyard is sunny and private, leading to the 

French doors off the lounge room with rich timber floors meandering 

through to the dining room to one side, and to the other is the breakfast 

room adjoining the kitchen. 

4 2 2 $950pw 

4/35-43 Orchard Road, Chatswood 

This is truly one of the largest one bedroom units we have encountered, 

it’s corner position in the building ensures plenty of light and a beautiful 

green outlook. Polished timber floors throughout, new kitchen and 

bathroom, and the rest in perfect condition, large balcony and a secure 

parking space. 

1 1 1 $470pw 

502/2 Dind Street, Milsons Point 

The combined living/dining room features polished parquetry timber 

floors and large square windows capturing wonderful harbour views. The 

bedroom has ample storage and opens onto a well proportioned square 

balcony, also accessible from the living room. The property also boasts a 

large well equipped bathroom with separate shower and bath, internal 

laundry and a modern kitchen. 

1 1 1 $680pw 

LEASED 

18/143 Kurraba Road, Neutral Bay 

A Light and Airy One Bedroom in Neutral Bay. 

This one bedroom unit is located close to Kurraba Point & ferry in a 

waterfront block with a great garden and swimming pool. The property 

features polished timber floors, an updated kitchen and built in robes in 

the bedroom. 

1 1 $375pw 

2 1 $700pw 

1 2 1 $650pw 

LEASED 

19 Carr Street, Waverton 

This superb semi-detached property is a prime example of the beautiful 

Federation Era with its beautiful high ceilings, detailed timberwork and 

ornate fireplaces. Featuring two bedrooms, one bathroom and a modern 

kitchen . The property also boasts two outdoor areas, a courtyard at the 

front of the property and a back yard with access to a rear lane for parking. 

LEASED 


Located on the 7th floor of Pavillion building 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. 


This modern 2 bedroom, 2 bathroom apartment includes secure parking 

and is located in the stunning Pavilion building. Beautiful views over 

Lavender Bay can be enjoyed from the expansive balcony. It is perfectly 

located in the heart of Milson’s Point - close to transport, schools, 

restaurants and the harbour foreshore. 

2 1 1 $720pw 

LEASED 

3/8 Mcdougall Street, Kirribilli 

Located on the ground floor in a character filled block, this two bedroom unit 

benefits from beautiful polished timber floors and spacious living areas. The 

bedrooms are well proportioned, with the master equipped with a large built 

in robe. Both bedrooms boast beautiful French doors opening onto a quaint 

balcony overlooking the leafy and green common backyard below. 

2 1 $460pw 

LEASED 

18 

19



730/187 Kent Street, Sydney 

This furnished one bedroom unit features a generous sized bedroom 

complete with walk in robes and private balcony.The property includes an 

open plan living space with water views over Barangaroo, fully equipped 

modern kitchen with marble bench top and dishwasher, spacious marble 

bathroom, internal laundry with dryer and a washer, and reverse cycle 

air-conditioning. 

1 1 $858pw 

1/55 King Street, Wollstonecraft 

This property has recently been refurbished with new polished timber 

floors, fresh carpet and paint, fully equipped modern kitchen with 

Caesarstone bench-tops and a beautifully appointed bathroom with bath 

and shower. The unit boasts a spacious lounge room which stretches out 

onto a generous balcony overlooking leafy Brennan Park. 

2 1 1 $650pw 

31/48 Alfred Street, Milsons Point 

Available in The Milson, one of the most popular buildings near the 

harbour, is this large one bedroom apartment. Both the lounge room and 

bedroom open onto a well sized, useful, private deck with bridge views. 

The apartment includes one security car space and the building offers an 

enclosed swimming pool and gym. 

1 1 1 $550pw 

51/94-96 Alfred Street, Milsons Point 

North facing and flooded with natural light, this spacious apartment 

offers two bedrooms, two bathrooms and a modern kitchen flowing 

onto a spacious living/dining area with beautiful timber floors. Located 

in a security building with a gym in the complex, close to shops, cafes, 

transport and the CBD. 

2 2 $785pw 

LEASED 

LEASED 

LEASED 

LEASED 


Located in the landmark building Port Jackson Tower this recently refurbished 

apartment features a large living area with brand new carpet, and floor to 

ceiling glass capturing amazing harbour views. Three spacious bedrooms, 

new kitchen and bathroom, sunny balcony with internal laundry & one 

security parking. 

3 2 1 $850pw 

8/59 Upper Pitt Street, Kirribilli 

Located in an immaculately maintained Georgian era building 

at the heart of Kirribilli, this elegant apartment is perfectly 

positioned to capture spectacular main harbour views, framed by the 

Opera House and the Harbour Bridge with city lights glittering 

in between. 

2 1 1 $850pw 

6 Waiwera Street, McMahons Point 

Captivating views from Luna Park, to the Opera House, this beautifully 

presented, elevated period terrace enjoys a picturesque setting behind 

Blues Point Road. It offers 3 double bedrooms, the main with a walk-in 

robe, ensuite and harbour-view balcony, the 3rd is an attic conversion with 

great North Sydney views. 

3 2 1 $1,100pw 

3 3 2 $2,500pw 

LEASED 

LEASED 

LEASED 


Located in the Point development, this is a truly impressive 

apartment offering award winning design and luxurious appointment. 

Floor to ceiling glass encases the open plan living area providing 

jaw-dropping Harbour Bridge & Harbour Foreshore views. The living area 

wraps around to the spacious Winter Garden with unsurpassed views of 

the Harbour. 

20 

21

COMMERCIAL REAL ESTATE 

The Auction Season Is Upon Us - Look At Our Auction Package 

At The End Of The Article 

In the last edition of the Property Review 

we mentioned our long term client who was 

auctioning his fully leased North Sydney strata 

office. It eventually sold on a 9% return. It is a 

rather complex property to fully analyse the return 

as it had a car space and store room on title, all 

leased to different parties. Overall the purchaser 

ended up with a very handsome 9% net return on 

his investment (excluding acquisition costs). 

In this edition I would like to focus on one of 

Milsons Point’s popular lunchtime eating spots 

– Milsons Village Food Court and some exciting 

changes of tenancies that have taken place 

recently. 

I am very proud to announce that we have leased 

Shop 5 to Tony Morgan, one of Sydney’s great 

artisan bakers. Tony hand makes each loaf of 

bread and has an amazing sour dough culture 

which produces some of the best tasting bread 

I have ever tried. Tony is going to expand his 

range to include pies and sweet things in the near 

future. It’s really worth a visit to see him in action. 

The old pasta bar has been leased to Aman Puri 

who is investing a considerable sum in a new fit 

out to showcase his North Indian cuisine. Aman 

22 

will also provide a home delivery service. We 

are all looking forward to seeing these 2 new 

operators succeed and grow their businesses. 

There are 2 office suites and one food booth still 

available at very reasonable rental rates. 

It’s that time of the year again when we 

look towards the Christmas break and 

the auction season. A lot of commercial 

property has remained on the market unsold. 

We are offering a number of auction packages 

from $1,105 which includes entries on four 

internet sites including priority listings 

on commercialrealestate.com.au and 

realcommercial.com.au; custom signboards and 

Sydney’s number one auctioneer, David Scholes 

of AuctionWorks. 

All listings are also submitted to our Hong Kong 

office for submission to our local clientele there. 

This is a really cost efficient marketing plan 

which puts the expertise of Sydney’s number one 

auction company at your service. Consider your 

options and compare costs to other agencies. 

Until the next edition 

John Wood 

Licensed Real Estate Agent 

Commercial, Industrial 

and Retail 

Ground Floor Professional Suite- Super Investment 

Near new building... 

74 Sq metres. 

Extensive fit out consisting of reception area, meeting room, general office 

area, large private executive office and own kitchenette. 

Maximum exposure to atchison street. 

Fully leased until 31st march 2013. 

Gross annual return $36,065 gst exclusive. 

G01/15 Atchison Street, St Leonards 

For Sale $560,000 + GST 

23 

Total 

Area 

74sq 

Onsite & 

Street 

Commercial Sales 


John Wood 

Phone: 9922 7007 

Email: john@northshorecommercial.com.au


94-96 Warne Street, Wellington 

Online Auction 


For Sale $560,000 + GST 


Mortgagee Auction Ex Boarding House 

Ground Floor Professional Rooms 

•Approximately 2440 sq metres level land 

•Corner position, handy to town centre 

•Up to 25 bedrooms with 7 bathrooms, 

•Modern commercial citchen & laundry 

•Requires limited repairs and upgrading 

•Separate manager’s residence 

Large ex -boarding house in the heart of wellington. Unoccupied for some 

time, requires limited renovations to bring up to date. 

Astute operators will appreciate the potential 

Proposed new mine and power station may increase demand for like 

properties. 

Total 

Area 

2440sq 8 


John Wood 

Phone: 9922 7007 

Email: john@northshorecommercial.com.au 

Currently chiropractic clinic 

3 treatment rooms 

Reception area 

Great transport options 

Good on street client parking 

Approximately 40 sq metres 

Milsons Point for under $200,000??? 

Total 

Area 

40sq 


John Wood 

Phone: 9922 7007 


24 

25


Level 4/97 Pacific Highway, North Sydney 

For Lease $26,600 + GST 

Ground/84 Alexander Street, Crows Nest 

For Lease $650,000 


Great Fit Out In The Heart Of 

North Sydney CBD 

Dual Accessed Offices In Prime 

Location With Semi Retail Exposure 

Total 

Area 

97sq 

Approximately 97 sq metres 

5 Perimeter offices, general office area 

Minutes to train 

Realistic super competitive rental 

Bright well partitioned office situated in this popular 

building right on the corner of pacific highway and walker 

street. 

Looking for budget offices in the CBD?? 

Look no further!! 


John Wood 

Phone: 9922 7007 


Total 

Area 

129sq 1 

•173Sqm Of Stylish Modern Offices 

•Dual Access With Rear Retail Office/Shop Space With 

2 Internal Kitchens 

•Open Plan With 4 Double Offices 

•2 Car Spaces Plus Separate Lock Up Storage Room 

•Sought After Refurbished Building In Crows Nest 

Corporate Centre 

Ideal For Architects, Medical, Engineers, Creative 

Companies, Mortgage Brokers Etc 


John Wood 

Phone: 9922 7007 


106/270 Pacific Highway, Crows Nest 


Food Court /48 Alfred Street, Milsons Point 


Arguably Crows Nest’s Best Suite 

Commercial/Retail/Display 

In Milsons Village 

Space 

129 Sq Metres 

Fastidiously Fitted Out 

An Amazing Ulilisation Of Space 

Oval Boardroom 

3 Executive Offices 

Large General Office Currently Lecture Room 

Kitchen/Breakout Area 

Adjoins Crows Nests Bar And Bistro Scene 

Unlimited Parking Available In Basement Operator 

Car Cark 

•100 Sq metres 

•$25000 Pa + gst –budget beater 

•Lift access to loading dock 

•Bus , rail & ferry nearby 

•On street customer parking freely available 

•Lower ground floor – not street frontage 

Looking to grow your business in milsons point?? 

Look no further!! 

Total 

Area 

129sq 1 


John Wood 

Phone: 9922 7007 


Total 

Area 

250sq 


John Wood 

Phone: 9922 7007 


26 

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

2012 Summer

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