1/80 Cecil Avenue
castle hill NSW 2154

Leased Investment | Ground Floor | Street Frontage

A fantastic and rare opportunity to buy this ground floor commercial space in an excellent location.

Within walking distance to Castle Hill Metro and Castle Towers which includes restaurants, cafes, post office, plus a huge council car park.

The building is primarily occupied by a range of professional and medical occupants which include psychologist, dentist, naturopath and TCM.

Key features:

- Ground floor plus excellent road exposure

- Long standing (10 years) medical national tenant

- Internal amenities plus shared onsite visitor amenities

- Two secure basement parking, plus street parking

The property is leased to global hearing aids group, Oticon, an industry leader in hearing aids and accessories, Oticon was established in 1904.

The company now has hundreds of locations across the globe, including over 150 outlets in Australia alone.

Investment details:

-Lease commencement 1st June 2018

-5 years, expiries on 31st May 2023 (no option)

-Gross income $39,165 PA + GST

-Increases yearly to CPI

-Outgoings paid by landlord, Strata $5862, Council $687.70, Water $159.51 (PA)

Contact Simon Russo on 0414 678 632 or Bailey Foxall on 0490 499 945 for further details today.