Highlights
- Zoned SP5 Metropolitan Centre
- Unbeatable location - within Sydney's financial core, next to the new Martin Place Metro entrance, and steps to Martin Place and Wynyard stations.
- Development Potential - unlike most strata lots, Suite 401 has genuine redevelopment potential under the current zoning. Prior option agreements signed at $22000-$2500/sqm validate long-term upside. The precinct around Pitt Street is undergoing a major transformation, with planning controls already allowing for super- tall towers, higher floor space ratios and no maximum height restrictions under SP5 zoning. Several large-scale projects are in motion, reinforcing strong market appetitie and validating future redevelopment potential.
- Low outgoings - only $34000/year ($8500/quarter), typically half the holding costs of most CBD core buildings.
- Exclusive Ownership Features - ownership of the Level 4 corridor and kitchen, plus signing rights, effectively gives the buyer exclusive control of the entire Level 4 lobby.
- Net Income Advantage - current achievable rent is $550/sqm. Calculation: 185 sqm x $550 = $101,750 gross rent. Minus $34,000 outgoings = $67,750 net profit p.a.
- Market Recovery Leverage - when the broader market rebounds, Suite 401 will appreciate alongside A-grade stock, but with significantly stronger upside due to its redevelopment potential.
Outgoings p.a.
Council rates - $4,204.80
Water Rates - $233.36
Strata Levies - $29,649.00
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy; we do not accept any responsibility for its accuracy and do no more than pass it on. Any interested persons should rely on their own enquiries.
