118/243-271 Pyrmont StreetPyrmont NSW 2009
Property Details for 118/243-271 Pyrmont St, Pyrmont
Last Listing description (March 2023)
CBRE are delighted to exclusively present Suite 111 & 118, 243-271 Pyrmont Street, Pyrmont, two premium office strata suites with modern fit out tenanted to Pacific Training Group. The property is presented as a large teaching environment over a Net Lettable Area (NLA) of 640sqm* comprising eight (8) classrooms, a sleek lobby and reception area, four (4) spacious office rooms, kitchenette, break out area, meeting room, male and female amenities and an accessibility lift for wheelchairs. A total of 5 (five) secure parking spaces are allocated to suites 111 & 118 and are available via Allen Street and Camden Lane.
The property represents a strategic long-term passive investment opportunity on the fringe of Sydney CBD with an established tenant on desirable lease terms.
Suite 111 & 118, 243-271 Pyrmont Street, Pyrmont benefits from the following key attributes:
Significant net income per annum of $375,000*^
Recently signed 6 + 6 year lease
Highly desirable fixed 3.5% annual rental increases
Boasting five (5) secure car parking spaces in the heart of Pyrmont
640sqm* NLA prime self-contained office suite
Long term passive investment opportunity on the fringe of Sydney CBD
Established educational tenant Pacific Training Group who provide over 25 AQF qualifications to 1000* students throughout Australia
Lifestyle focused amenity in proximity to cafes, bars, restaurants, parks and retail
Fantastic accessibility; only a short walk to bus services and light rail with direct access to Sydney CBD
Practical, modern and high end fit out
For more information, to arrange an inspection or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx
^ as of 01/01/2023
Property History for 118/243-271 Pyrmont St, Pyrmont, NSW 2009
- 30 Aug 2023Sold for $5,765,000
- 17 Oct 2022Listed for Sale Contact Agent
- 01 Nov 2021Sold for $5,000,000
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About Pyrmont 2009
The size of Pyrmont is approximately 0.9 square kilometres. It has 17 parks covering nearly 11.1% of total area. The population of Pyrmont in 2011 was 11,618 people. By 2016 the population was 12,804 showing a population growth of 10.2% in the area during that time. The predominant age group in Pyrmont is 30-39 years. Households in Pyrmont are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Pyrmont work in a professional occupation. In 2011, 37.2% of the homes in Pyrmont were owner-occupied compared with 36.5% in 2016.
Pyrmont has 9,308 properties.
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