202/83 Mount StreetNorth Sydney NSW 2060
Property Details for 202/83 Mount St, North Sydney
Last Listing description (April 2024)
Suites 202/83 Mount Street is the commercial strata investment opportunity that investors often wait for, and now it's here. With a lease that has 20 years of total tenure (including all option periods), leased to a medical operator, in the center of North Sydney CBD, Suite 202 provides cash flow, security, stability, and certainty, key features of an ideal commercial investment.
INVESTMENT FEATURES:
• 70sqm + 1 secure car space
• Built-in annual increases
• Also leased to the adjacent property (tenant occupies suites 201 & 202)
• Tenant pays 50% of the strata outgoings p.a.
• The tenant has invested $365,000.00 of fit out into suite 202 at their lease commencement (as advised by the owner)
• $90,000.00 security bond held by the owner
• Situated on the front of the building with great light coming through
North Sydney quickly changing and evolving into a far more modern business district, businesses have great access to public transport, new restaurants, cafes, and financial and business services. North Sydney is quickly becoming a destination for blue chip and international businesses.
OPEN FOR INSPECTION TIMES: By Appointment.
For any further information, to obtain the Information Memorandum, please contact Nick Moloney - 0477 545 111
Property History for 202/83 Mount St, North Sydney, NSW 2060
- 24 Apr 2024Sold for $805,000
- 11 Sep 2023Listed for Sale FOR SALE - CONTACT AGENT
- 14 Jul 2003Sold for $54,666
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0About North Sydney 2060
The size of North Sydney is approximately 1.5 square kilometres. It has 21 parks covering nearly 7.7% of total area. The population of North Sydney in 2011 was 6,257 people. By 2016 the population was 7,707 showing a population growth of 23.2% in the area during that time. The predominant age group in North Sydney is 30-39 years. Households in North Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Sydney work in a professional occupation. In 2011, 38.3% of the homes in North Sydney were owner-occupied compared with 37.8% in 2016.
North Sydney has 7,726 properties. Over the last 5 years, Houses in North Sydney have seen a 22.17% increase in median value, while Units have seen a 25.21% increase. As at 31 August 2024:
- The median value for Houses in North Sydney is $3,073,490 while the median value for Units is $1,296,952.
- Houses have a median rent of $850 while Units have a median rent of $750.
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