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.
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