1.02 & 1.03/2 Hillcrest Road
Pennant Hills, NSW 2120

Overview

Suites 1.02 & 1.03 / 2 Hillcrest Road

This property represents an exceptional investment opportunity within a boutique commercial and retail complex located in the prestigious North West precinct of Pennant Hills. The offering consists of two office suites, Suites 1.02 and 1.03, situated on the top floor of a multi-level building, providing dual income streams and to be sold as a single line.

The location is highly sought after, positioned in the heart of Pennant Hills' thriving professional and retail community. The suites are home to long-standing professional tenants who value the convenience and prestige of this address.

Key investment highlights include:

• An existing lease expiring in 2026 with a two-year option, occupied by a long-standing legal tenant since the early 1990s.
• A new lease commencing 1st June 2024 for a term of 3 + 3 + 3 years with an existing tenant in the medical profession, who has occupied the premises since 2006.
• The combined office space totals 140 square meters, comprising two office units of 2 and 70 square meters respectively.
• Four secure undercover car parking spaces are included within the building, enhancing tenant convenience.
• Landlord-friendly leases that cover all commercial terms, ensuring a stable and manageable investment.
• Excellent accessibility, with a short walk to Pennant Hills Station and local shopping centers.
• Immediate car access to major arterial roadways including Pennant Hills Road and the M2 Motorway, providing direct routes to the city and northern suburbs.
• The property is zoned E1 - Local Centre, supporting a range of commercial uses.
• Net income from the property is $85,102 per annum plus GST, reflecting a strong return on investment.

This rare investment opportunity within a prime commercial precinct offers both income and growth potential. The property is presented as a going concern with no GST applicable on the purchase price, making it an attractive proposition for investors seeking a secure and profitable asset.

For further information or to obtain a copy of the information memorandum, interested parties are encouraged to contact the listing agents directly.

Location