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Lane Cove West NSW
NLA 7,129sqm + 235 Car Bays
Purchased April 2013 • Sold December 2015
A commercial building located in an attractive bushland environment with views over the Lane Cove River.
Located approx. 12km north west from the Sydney CBD and close to Macquarie Park and North Ryde.
We aim to regenerate the building aesthetically and mechanically to attract and retain quality tenants, providing stabilised, long-term income to investors.
At settlement, the property was 80% leased to two international corporate tenants. Covidien (formerly Tyco Healthcare) and TV ratings company Nielsen Television Audience Measurement (Nielsen), both had been long term occupiers of the building and the lease extension followed their decision to take additional space to cater for their continued growth.
Upgrade work was undertaken to the ground floor lobby and external facade of the building.
Following the successful building upgrade the vacant space was fully leased within the first 12 months following settlement.
Property was sold in Dec 2015.