70-74 Mentmore Avenue, Rosebery, NSW, 2018

Colliers is delighted to exclusively offer for sale 74 Mentmore Avenue, Rosebery – a data driven commercial investment. This newly refurbished boutique commercial building is in the dynamic Rosebery precinct. Encompassing a data centre on the ground floor and modern aesthetic office accommodation across levels 1-3, the building presents a strategic core-plus investment with future higher-order conversion potential.

Offering 3,207m² of Data Centre and modern office accommodation with brand new EOT facilities, the property generates a net passing income of $1,653,211 ($516/m²) per annum (inclusive of a 12-month rental guarantee over level 1) underpinned by quality tenant covenants with a WALE (by income) of 3.7 years. With an extensive capital expenditure program recently undertaken valued at circa $4.0 million since June 2022, which includes the ownership of the office fit out. The asset is well-positioned for a secure and growing income profile with limited future capital expenditure commitments.

Key Investment Highlights:

- Hybrid Boutique Office & Data Centre – Four levels of quality boutique office accommodation totalling 3,207m², underpinned by a data centre anchor tenant on a long-term lease.

- Secure Income Profile – Generating a net passing income of $1,653,211 ($516/m²) per annum with a 3.7 year WALE (by income), inclusive of a 12-month rental guarantee over level 1.

- Flexible & Efficient Floor Plates – With floor plates ranging from 644.1m² – 1,127.7m² with the flexibility to split into multiple tenancy options.

- Ample Car Parking – 19 Car bays on-site subject to a stratum ownership along with ample all-day street parking on surrounding streets.

- Data Centre Capabilities – Substation No. 57 consists of 3 × 750 kVA transformers, providing 2.25 MVA installed transformer capacity

- Substantial Recent Landlord Works - Recent lessor fitout completion across the three office floors provides a modern aesthetic interior, nullyfing future refurbishment works whilst presenting favourable depreciation benefits.

All figures are approximate.

A 100% freehold interest in 74 Mentmore Avenue, Rosebery is being offered for sale Private Treaty.

For more information or to arrange an inspection please contact your exclusive Colliers International agents:

Michael Crombie

0412 903 063

[email protected]

Justin Rosenberg

0432 027 141

[email protected]

Remember to mention you found this property on CommercialReady