BUYERS have the opportunity to snap up a piece of history as an office that began life as a humble small red brick building hits the market at 5/822-824 Anzac Parade in Maroubra.
The asset, that comes with a 290sq m* internal space, high ceilings and is the ultimate high corner exposure along with six car spaces, offers buyers the chance to purchase an office with a strong yield and positive cashflow.
The property is being marketed and sold by Ray White Commercial South Sydney Sales Agent Peter Kotzias.
“Well-known Eastern Suburbs solicitors Patrick Hargreaves held this corner position in Maroubra Junction for over 30 years from its beginnings as a small red brick building,” Mr Kotzias said.
“The current owner of the shop amalgamated surrounding properties and obtained a DA approval for a large mixed-use development making way for the architectural and modern glass premises you see today.
“Shop five was to be retained by the existing owner to house their existing real estate business for high exposure on the corner but opted to lease to a secure tenant, Core Financial, who has an option until 2028.
“Pricing will show a yield of 5.5 to six per cent with an estimate circa $3,000,000, along with positive cash flow to help pay off an investor’s mortgage, stress free.”