435 Khyber Pass Road, Newmarket presents a very attractive investment opportunity to long term investors looking to establish or solidify themselves in the area.
Built upon 1,166sqm of prime Newmarket land, the property enjoys fantastic exposure on the corner of Khyber Pass Road and Crowhurst Avenue and generates significant passing income of approximately $1,246,300, generated from 3,790 sqm of net lettable area and 31 car parks. The property benefits from vast amounts of natural light, is very well appointed and has a seismic rating of 83%.
This premium freehold asset, which was a originally built as a carpark, was converted into a modern offices and retail space in 1985, undergoing further refurbishments in 2005.
In addition to the attractive passing income, 435 Khyber Pass presents an opportunity for investors to create substantial value through repositioning of the existing leases and capitalising on a high profile central Newmarket site. Surrounded by significant existing amenity, transport routes and residential catchment, it has all of the hallmarks of a very attractive long term investment. Offered for sale to the market for the first time since 1993, this is a truly rare opportunity to own one of Newmarket’s most recognisable commercial assets.
Features:
* Over 3,790sqm of prime office asset in the most sought after and tightly held part of Newmarket.
* A diverse potential income stream of $1,408,083(approx).
* High profile site located on the corner of Khyber Pass Road and Crowhurst Street.
* Located amongst the thriving commercial hub of Newmarket.
* Fantastic amenity within walking distance including numerous popular restaurants, bars, gyms and Westfield Shopping Centre.
* Flexible Business Metropolitan Centre zone.