Office with lease in Sydney's Potts Point sells for a cool $710,000

Office with lease in Sydney's Potts Point sells for a cool $710,000
Staff ReporterDecember 7, 2020

A tenanted office space in Sydney’s Potts Point has traded hands for $710,000.

The property at 8/2-14 Kings Cross Road, Kings Cross is part of a building that was was refurbished and strata titled in 2004 into a hotel and four levels of commercial offices. 

The floor area is 82 sqm and the office offers panoramic city views. 

It is on the fringes of Potts Point, close to Kings Cross Rail Station. This is a Bohemian suburb frequented by creative businesses whilst only a train stop to the Sydney CBD.  

The property could be converted into residential accommodation subject to council approval. 

It is being sold as a leased investment with a three-year lease till 2017 with a three-year option to a marketing company.

The net rental is $43,529.

Editor's Picks

First look exclusive: Winx breeder John Camilleri continues Gold Coast apartment development site spree
Parkhill Melbourne wins major Housing Industry Association award for 2024
Dusk Group sets sights on Caloundra new apartment market
Box Hill's best new apartment development approaches completion
"We will reward the buildings that are designed the best" VIC Gov to speed up approvals for best designed apartment developments