Lower North Shore swim school, service centre collects $20.6m

The Lane Cove West asset sold for $20.56 million.

A Lane Cove West investment with long term development upside has sold for $20.56 million.

The price for 4 Sirius Road reflects a 4.06 per cent return.

The 4246 square metre three storey building is tenanted to Carlile, Swim School and Alto Group, for a Hyundai Service Centre.

Near to mid-rise buildings, including a nine level office which recently seeded an ESR fund, the 6462 sqm block was marketed for its development potential (story continues below).

The Weighted Average Lease Expiry is 8.1 years.

CBRE’s Peter Mangraviti, Jason Edge and Geoff Hunt were the agents.

Subscribe to our newsletter at the bottom of this page.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.