Office suite leased to CBA on sale in Sydney Harbour foreshore

Office suite leased to CBA on sale in Sydney Harbour foreshore
Staff ReporterJul 24, 2017

A strata office on the Sydney Harbour foreshore leased to the Commonwealth Bank of Australia is up for sale with price expectations of more than $3 million. 

The 13 Hickson Road, Walsh Bay property is close to the Barangaroo business district.

The office suite has natural finishes, exposed timber beams and a modern fit-out.

The newly executed lease is for five years with two further five-year options. The office earns $174,928 plus GST p.a. with the outgoings paid by the tenant.

The lease has provisions for annual increases that is the greater of CPI rate or 4%.

The office floor area is 232 sqm.

The listing agent is Nick Moloney of Raine and Horne Commercial.