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.

Office suite leased to CBA on sale in Sydney Harbour foreshore

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.