35 Higginbotham Road

Gladesville NSW 2111

Unit 3, 35-39 Higginbotham Road Gladesville is a well appointed and very well presented industrial unit that was completed in 2007. The property is being offered for sale with either a two year lease to the existing tenant, or you can terminate that lease without penalty if you wish to move in yourself. See lease and contract of sale for further details of the termination arrangements.
On the ground floor of the unit is an entry foyer, a bathroom, high clearance warehouse and a kitchen. The warehouse has electric roller shutter access, concrete walls, concrete floor and concrete ceiling. This gives good security and temperature control. According to the original architect plans, the ground floor has a total area of 99.3m2 including the warehouse, bathroom and foyer. The upper floor also comprises 99.3m2 on the architect's plans and offers a very well presented office including open plan area, meeting room and various partitioned areas. There is great natural light from the front of the office. In addition to the office and warehouse space, there are three basement security parking spaces (on title) and additional casual parking at the front of the unit.
The property has been occupied by the current tenant Bluey Technologies since 2011. Bluey is a Civil Engineering solutions provider established in 2003 and the Vendor of the property is a Director of the tenant company. Full details of the business can be seen here: www.bluey.com.au or here https:/?/?www.linkedin.com/?company/?bluey. There is a two year lease expiring 1 October 2020 at a rental of $45,770 plus G.S.T. The tenant also pays all outgoings. This rental is in line with other recent rents in the estate. If you do not require a tenant then Bluey can be required to vacate with 60 days written notice provided that the owner exercises this right to terminate the lease no later than 1 December 2018. There is a termination fee payable to the tenant of $30,000 approx if the lease is terminated early, however this cost would be covered by the Vendor and the contract ensures that funds are held by a solicitor in trust to ensure that the Purchaser is not left out of pocket if this payment is required. See contract of sale for full details of the lease and sale terms. Only the contract of sale should be relied upon by interested parties for specific details of the property being offered.