6/504 Miller StreetCammeray NSW 2062
Property Details for 6/504 Miller St, Cammeray
Last Listing description (October 2021)
CI Australia is delighted to offer Shop 6, 506 Miller Street, Cammeray For Sale by Online Auction commencing 10:30am on Tuesday 26th October 2021.
Shop 6, 504 Miller Street, Cammeray is a sensational medical investment with a new 5 + 5 year lease. The property is leased as a dental laboratory and deemed an 'essential service' providing ancillary health services as listed under the Health Services Act 1997.
This ground floor property comprises of 209sqm with the ability to park one car and has been meticulously fitted out with a capital intensive fit out. The fit out includes a reception, ceramic area, metal work area, digital room, plaster room, compressor room, internal bathroom with shower, lunchroom, office and storage.
Key Features Include:
5 + 5 year lease term
209 sqm of strata area
Medical usage
Capital intensive fit out
Net lease with the lessee paying 100% of outgoings
3% or CPI increases whichever the greater
Blue chip location
Excellent natural light
Net Income: $88,400 + GST
These attributes make this an investment opportunity not to be missed.
For more information or to arrange an inspection please contact Nick Lowry from CI Australia on 0408 891 376.
Property History for 6/504 Miller St, Cammeray, NSW 2062
- 13 Oct 2021Sold for $1,850,000
- 28 Sep 2021Listed for Sale Contact Agent
- 07 Jul 2015Sold for $860,000
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About Cammeray 2062
The size of Cammeray is approximately 1.6 square kilometres. There are 19 parks, covering nearly 25.2% of the total area. The population of Cammeray in 2016 was 7006 people. By 2021 the population was 7088 showing a population growth of 1.2% in the area during that time. The predominant age group in Cammeray is 30-39 years. Households in Cammeray are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cammeray work in a professional occupation.In 2021, 57.20% of the homes in Cammeray were owner-occupied compared with 55.10% in 2016.
Cammeray has 4,124 properties. Over the last 5 years, Houses in Cammeray have seen a -9.92% decrease in median value, while Units have seen a 1.05% increase. As at 31 August 2026:
- The median value for Houses in Cammeray is $3,117,914 while the median value for Units is $1,306,666.
- Houses have a median rent of $1,750 while Units have a median rent of $760.
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