83 Mount StreetNorth Sydney NSW 2060
Property Details for 83 Mount St, North Sydney
Last Listing description (April 2024)
Suites 202/83 Mount Street is the commercial strata investment opportunity that investors often wait for, and now it's here. With a lease that has 20 years of total tenure (including all option periods), leased to a medical operator, in the center of North Sydney CBD, Suite 202 provides cash flow, security, stability, and certainty, key features of an ideal commercial investment.
INVESTMENT FEATURES:
10 years + 5 years + 5 years lease
Built-in annual increases
Also leased to the adjacent property (tenant occupies suites 201 & 202)
Tenant pays 50% of the strata outgoings p.a.
The tenant has invested $365,000.00 of fit out into suite 202 at their lease commencement (as advised by the owner)
$90,000.00 security bond held by the owner
Situated on the front of the building with great light coming through
North Sydney quickly changing and evolving into a far more modern business district, businesses have great access to public transport, new restaurants, cafes, and financial and business services. North Sydney is quickly becoming a destination for blue chip and international businesses.
OPEN FOR INSPECTION TIMES: By Appointment.
For any further information, to obtain the Information Memorandum, please contact Nick Moloney - 0477 545 111
Property History for 83 Mount St, North Sydney, NSW 2060
- 11 Sep 2023Listed for Sale FOR SALE - CONTACT AGENT
- 19 Jun 2023Listed for Sale FOR SALE - CONTACT AGENT
- 27 Apr 2023Listed for Sale FOR SALE - CONTACT AGENT
Recent sales nearby
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About North Sydney 2060
The size of North Sydney is approximately 1.5 square kilometres. There are 21 parks, covering nearly 7.7% of the total area. The population of North Sydney in 2016 was 7705 people. By 2021 the population was 8964 showing a population growth of 16.3% in the area during that time. The predominant age group in North Sydney is 30-39 years. Households in North Sydney are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Sydney work in a professional occupation.In 2021, 36.30% of the homes in North Sydney were owner-occupied compared with 37.80% in 2016.
North Sydney has 8,164 properties. Over the last 5 years, Houses in North Sydney have seen a -10.61% decrease in median value, while Units have seen a 0.20% increase. As at 30 June 2026:
- The median value for Houses in North Sydney is $2,925,316 while the median value for Units is $1,227,890.
- Houses have a median rent of $1,275 while Units have a median rent of $800.
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