NOVAK Properties Commercial – SMASHING all records!!
“LARGEST QUALIFIED COMMERCIAL BUYER DATA-BASE”
15 & 17 West Street, Brookvale – SOLD for $4,640,000
| Phenomenal result selling for $1,140,000 over the reserve
| Achieving a new record for Brookvale
| $2,982 ppsqm vs Brookvale’s average record of $1,800 ppsqm
| Astounding result selling on an average yield of 1.8%
| 150 buyer enquiries
| 43 contracts issued
| 12 registered bidders
| 149 buyers are still looking…….
SEE IT TODAY, TONIGHT, TOMORROW, ANYTIME YOU LIKE? CALL US, WE NEVER SLEEP 🙂
| AUCTION THIS SAT 11 AUG @12.00pm NOVAK HQ
| Land area: 1,556 m²
| Net lettable area: 837 m²
| Current Net income: $85,000 PA
| | Current Gross income: $209,000 PA
| Projection based on full tenancy @ market rates
| 6 tenancies, 2 Buildings + vacant block
| 11m height allowances
| Frontage 28m on West St
| Prominent free-standing building
| With significant development opp!
| Option 1: Site as is – increase rental return
| Option 2: Potential Childcare Centre
| Option 3: Potential storage units
| Option 4: Potential showroom, bulky goods centre
| Option 5: Development site (STCA)
| High passing vehicle & pedestrian traffic
| Major bus routes to & from the city
| Westfield Mall – All at your doorstep!!
| Zone IN1 general industrial
*General industries, Hardware and building supplies, Industrial retail outlets, Neighbourhood shops, Places of public worship, Storage premises, Take away food and drink premises, Timber yards; Vehicle body repair workshops; Vehicle repair stations; Vehicle sales or hire premises; Warehouse or distribution centres and much more*
