The property comprises a two-level, attached retail/office building currently utilised as a Real Estate Agency office. Originally constructed circa 1920 and recently renovated, the building provides well-configured office accommodation over two levels with a total building area of approximately 212sqm.
The ground floor (approx. 136sqm) includes a front reception and waiting area, file room, three (3) individual office spaces, kitchenette, two (2) powder rooms, and a rear storage area.
The first floor (approx. 76sqm) comprises a central landing, three (3) further office spaces, a boardroom with kitchenette facilities, and an additional powder room.
Additional improvements include a private side courtyard, solar panel system, and a prominent front awning, delivering strong street presence and exposure to Raymond Street.
The building is positioned on a 136sqm Commercial 1 Zoned (C1Z) allotment on the western side of Raymond Street, Sale, in the heart of the Sale Central Business District. This tightly held location forms part of Sale’s primary retail and commercial strip and is surrounded by established businesses and professional services.
Investment & Tenancy Profile
The property is fully leased on a dual-tenancy basis, providing immediate income and long-term security:
Ground Floor – Occupied by an established Real Estate Agency on a 5-year lease with two further 5-year options, currently in the first term which commenced 2 October 2023.
First Floor – Leased to a separate tenant on a 2 year lease with two (2) further 2-year options, also in the first lease period.
The property produces a combined gross rental income of approximately $54,714 per annum, representing a return of around 6% after outgoings, which are covered by the landlord.
This is a tightly held Raymond Street investment offering secure income, quality tenants and a blue chip CBD position, the sort of asset that performs in any market.
