114-116 Glebe Point Road, Glebe, NSW 2037

Sold $5,250,000

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Property Details

Property Description

Sold for $5,250,000

Situated over 2 levels with 2 front entrances this prime investment opportunity currently operates as the ‘Glebe Family Medical Practice’. The premises are well placed in a prominent location with high visible exposure in the heart of thriving Glebe.

– Currently leased 5x5x5 -commenced 1st November 2012
– Newly built in 2003, Fit-out of the building owned by Tenant
– Rental of $240,000.00 P.A., (incl. GST)
– Net income of $218,181.84 P.A (approx.)
– Car parking at rear for 8-10 cars (8 undercover)
– Possible further re-development at rear S.T.C.A.
– Just minutes to RPA, Broadway, Newtown and the CBD

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Suburb Profile

Showcasing a prominent local presence in Glebe and a team illustrating rich and accumulative experience, Laing+Simmons offers an unrivalled calibre of personal attention. Established with a focus on delivering a personal and customised service, our commitment to honesty, integrity and professionalism is reflected in our strong sales history and industry reputation in Glebe and surrounding suburbs.

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