Motivated Vendors

Motivated vendors are calling for all buyer interest - this property would be an ideal proposition for an owner/occupier to secure.
35 Crawford Street is a strategically positioned stand-alone super modern and bright office/retail building over two levels on State Highway 1 offering profile and holding income from the ground floor retail tenancy, with offsite car parking available (additional cost). Sunny first floor offices (circa 252m²) offering vacant possession and a superior office fit out, open plan on entry with multiple offices/meeting rooms, a board room (with self-contained concealed bar facilities) and independent kitchen/bathroom facilities, with the ability to be a dual tenancy. This site offers potential to an astute owner occupier/investor/developer, with many banks offering 100% finance for owner occupiers. A modern office building with a reported IEP of 75% NBS and excellent frontage to Crawford Street. This building ticks a lot of boxes, given its City fringe location/warehouse precinct, proximity to CBD city-centre activity and all arterial routes including the nearby hospital rebuild site. Plenty of on-street parking at the doorstep and vendors have secured potential long term lease carparking nearby. Leasehold tenure is an opportunity for entry level investors/owner occupiers to secure a commercial investment with servicing at an affordable level.
First floor offices also available for lease.

Key investment highlights:

• Total site area of 283m² (more or less)
• Current holding income of $38,800 PA plus GST
• Suit owner occupier with banks providing 100% lending capability
• Opportunity to occupy/develop the first-floor tenancy of 252m² (more or less)
• Fringe City location - close to CBD and warehouse precinct
• Leasehold tenure - ground rental agreed for 21 years
• Zoning: Warehouse Precinct
•Earthquake Assessment 75% NBS