Ideal Corporate Headquarters 43 Australia Street, Camperdown for Sale

Ideal Corporate Headquarters 43 Australia Street, Camperdown City Fringe
 
 

Ideal Corporate Headquarters 43 Australia Street, Camperdown City Fringe
Location \\ The subject property is framed by Derby Street and Derby Lane, Australia Street and Denison Streets in the Inner West suburb of Camperdown, just off Parramatta Road, a major arterial road to and from the City of Sydney. The property looks over the picturesque Camperdown Park, and is only a short walk to the lively King Street in Newtown with easy access to Newtown Railway Station, Royal Prince Alfred Hospital and Sydney University. The Sydney GPO and the Domestic Airport are only 6km and 7km respectively from the premises.
Description \\ The NSW Nurses‘ Association property comprises of a solid brick and ironbark timber framed property of 5,085sqm approx. (GBA) that takes up a whole city block of 1,695sqm approx. This iconic local landmark with exceptional 'adaptive re-use' potential offers large floor plates and a panoramic outlook over Camperdown Park to the North and O’Dea Reserve to the South. The property occupies an island site with frontages to Australia St (main entrance), Derby and Denison Streets as well as Derby Place offering windows to all sides and exceptional natural light flow throughout the building. Offering a generous lobby and 3/5 split level floors accessed by a wide central stairs and one large 'hospital grade' elevator. All floors are fitted out to a high quality Corporate standard with carpeting, false ceilings and recessed fluorescent lighting. In general, the floors offer perimeter offices with central workstations, kitchens, meeting rooms, compactus, storage areas, lunch areas and amenities. Disabled access is catered for throughout the premises. Access to at least 21 individual parking bays is from two roller shutter doors off Denison Street. Security features in the building include swipe card access for staff as well as finger swipe in certain areas. The premises is fully sprinkled with a centralised ducted air-conditioning system and is “technology ready” with Cat 5 cabling throughout.
Accommodation\\
Net Rent \\
Title \\
 
Free Hold
Investment Details \\ The NSW Nurses Association has purchased a larger property in Waterloo to secure their long term accommodation requirements. Accordingly, 43 Australia Street will be offered on an initial 120 day delayed settlement with the option for a short term leaseback on a 3 month x 3 month basis, if required, with rental to reflect an 8% net yield to the successful purchaser to accommodate a staged relocation in 2010, then vacant possession.
Parking \\ 21 
Comments \\ The premises is ideally placed as a Corporate Headquarters or, alternatively, has exceptional “adaptive re-use” potential and could be stripped back to highlight its past history as a former Woolstore with face brick, unique iron bark timber frame, herringbone strutting and polished timber floors. Opportunities for quality office buildings on the City Fringe of this size with large floor plates, onsite security parking and latent potential priced realistically are certainly rare and we encourage interested parties to inspect 43 Australia Street, Camperdown to appreciate what the property has to offer.
GST \\ Exclusive of GST.
Disclaimer \\ Whilst all care has been taken in the preparation of the information contained herein, no warranty is offered or implied. Interested parties should therefore rely on their own enquiries. all areas and figures are approximate.
 

Enquire now about Ideal Corporate Headquarters 43 Australia Street, Camperdown with Tim Green Commercial, Sydney's leading commercial real estate agency.