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11 Boola Place, Cromer, NSW, 2099

2. Property Highlights

Prime Freehold High Clearance Industrial Asset in Cromer – Occupy or Invest

Offering a rare opportunity to secure your business a warehouse in this tightly held suburb or the flexibility for an astute investor to reap the rewards that Cromer has to offer. Very rarely does a warehouse of this stature and scope hit the market in the tightly held region of Cromer.

* Land area: 1110m2

* Building area: 686m2 approx.

* Ground Floor: 638m2 & first floor mezz/office: 48m2

* Built more than 40 years ago and to sustain 2 x 7 tonne cranes

* Main warehouse clearance of up to 8m

* Prominent street frontage, excellent exposure and vehicle access

* 2 roller shutter doors and large clear span internal layout throughout

* Main roller door with 5m height clearance

* Great truck and container access – great for storage and distribution

* Lots of 3 phase power throughout

* Air conditioned offices at front of building

* Internal kitchenette, staff breakout area and amenities

* Roof with translucent skylights replaced approx. 8 years ago

* Side driveway access, large open hardstand yard at rear for stock/storage/parking

* Potential gross rent return: circa $150,000 to $165,000 + GST Gross

* Zoning – IN1 General Industrial, 11m Height Limit

* Outgoings: 13,905 per annum approx.

Current Tenancy Details

* Northside Fabrications

* Term – 2 + 2

* Option Period Expiry Date – 31/07/2024 (Property could be vacant by 1 August 2024)

* CPI Increases

* Current Rent – $117,777 NET + GST per annum

11 Boola Place is positioned in a premium central location with easy access to all parts of the Northern Beaches and greater Sydney through various access routes. Located in the heart of Cromer's industrial and commercial centre on Sydney's Northern Beaches. Situated only a short drive to Pittwater and Warringah Road, the main carriageway for the Northern Beaches, providing access to Greater Sydney and minutes to the centre of Dee Why and all the services and retail it has to offer.

For more information or to arrange an inspection contact Vincent West 0403 444 000 or Oliver Rosati 0428 877 888.

**All prices are per annum and quoted areas/measurements are approximations only**

Remember to mention you found this property on CommercialReady

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3. Property Location

11 Boola Place, Cromer, NSW, 2099

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4. Due Diligence

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11 Boola Place, Cromer, NSW, 2099 Cromer
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