120 Christie Street, St Leonards, NSW

A five level commercial office building comprising 1,162 sqm NLA and 10 single car parking bays. The property was bought on a sub 5% passing yield. With office rents in the building sitting at an average of $70 per sqm net there is significant rent reversion potential down the track. The intention is to carry out a major refurbishment of the property and reposition to enjoy strong income returns.