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545 Main Rd 4,359 SF 100% Leased Office Building Glendale, NSW 2285 $1,238,493 ($284.10/SF) 4.99% Cap Rate
Investment Highlights
- Three self-contained office tenancies totaling approximately 405 m² of building area.
- 13 on-grade secure car parking spaces with direct tenant access.
- Prominent corner location with exceptional exposure to Main Road and Lake Road.
- Positioned in the established Glendale mixed-use precinct with strong connectivity and local amenity.
Executive Summary
Secure a fully leased commercial investment in one of Lake Macquarie’s most active mixed-use precincts. Situated in a prominent position with high visibility at the intersection of Main Road and Lake Road, Glendale, this property combines strong income reliability with long-term asset fundamentals.
The building comprises three separate tenancies, each offering approximately 135 m² of functional office accommodation, totaling a gross building area of approximately 405 m². Each tenancy is self-contained, featuring private kitchens, bathroom amenities, and direct rear access to secure on-site parking. Users benefit from convenient connectivity to surrounding infrastructure and public transport, making the premises attractive to quality occupiers.
The investment is supported by diversified income streams, with a combined gross income of $105,023 per annum (approximately $87,365 net plus GST), underpinned by staggered lease expiries to enhance security and reduce single-tenant risk. With continued tenant demand in this established suburban hub and excellent traffic exposure in a high-growth region, this property offers a compelling long-term investment proposition with balanced risk and reward.
The building comprises three separate tenancies, each offering approximately 135 m² of functional office accommodation, totaling a gross building area of approximately 405 m². Each tenancy is self-contained, featuring private kitchens, bathroom amenities, and direct rear access to secure on-site parking. Users benefit from convenient connectivity to surrounding infrastructure and public transport, making the premises attractive to quality occupiers.
The investment is supported by diversified income streams, with a combined gross income of $105,023 per annum (approximately $87,365 net plus GST), underpinned by staggered lease expiries to enhance security and reduce single-tenant risk. With continued tenant demand in this established suburban hub and excellent traffic exposure in a high-growth region, this property offers a compelling long-term investment proposition with balanced risk and reward.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,359 SF
Building Class
C
Price
$1,238,493
Price Per SF
$284.10
Cap Rate
4.99%
NOI
$61,829
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,359 SF
Building FAR
0.31
Lot Size
0.33 AC
Parking
13 Spaces (2.98 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Natural Light
- Partitioned Offices
- Yard
- Air Conditioning
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545 Main Rd
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