2012 Summer

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
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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
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Total
Area
74sq
Onsite &
Street
Commercial Sales
Details and Viewing:
John Wood
Phone: 9922 7007
Email: john@northshorecommercial.com.au