406 - 408 / 10 Century Circuit Circuit
Norwest, NSW 2153

Overview

Units 406 - 408 / 10 Century Circuit

Offered for sale via Expressions of Interest, suites 406, 407 and 408 at 10 Century Circuit present a compelling portfolio acquisition opportunity within one of Sydney's most sought-after commercial precincts. These three adjoining suites are located on the landmark fourth floor of Norwest Central, a premier business park address in Norwest.

The combined strata area of the suites totals approximately 420 square meters, currently generating a combined net income of $188,252.81 per annum. This asset is ideal for investors seeking immediate income with flexibility, as each suite is separately tenanted, providing income diversification across the portfolio.

Suite 407, measuring 220 square meters, is leased until 31 December 2026 with an additional two-year option extending to 31 December 2028. Suite 408, at 85 square meters, is leased until 31 May 2026, with the tenant indicating an intention to extend the lease for a further 12 months, offering potential near-term rental uplift at market rates. Suite 406, comprising 115 square meters, is leased until October 2027, with further lease details available upon request to qualified purchasers.

For buyers seeking future flexibility, the suites offer a clear repositioning opportunity. The internal wall configuration across the combined tenancy was originally constructed outside the registered lot boundaries and will require reconfiguration prior to individual resale. Comparative sales evidence for similarly sized suites within the building supports a strong individual sale value. The combined strata area is estimated to realize between $3,803,000 and $4,224,000 if sold separately post-remediation, representing significant embedded upside above the portfolio acquisition price.

The portfolio is priced to reflect a net yield range of approximately 5.1% to 5.7%, with an offer range between $3,300,000 and $3,620,000. This provides investors with a credible entry point into a precinct where demand for quality strata office space continues to be supported by proximity to Norwest Metro Station, Norwest Marketown shopping center, and the ongoing development and maturation of the broader Hills District.

Location