A rare and highly sought-after opportunity to secure a premium commercial 1 zone freehold in the heart of the city. Occupied by Holcroft Lawyers, a respected law firm with over 25 years of service, this exceptional investment combines blue-chip tenancy security with a modern, purpose-built professional office complex.
Constructed and completed in 2023, the two-storey building exudes quality and functionality, designed to suit professional services of the highest standard. With a long-term lease in place, substantial income, and excellent depreciation benefits, this property represents an outstanding set-and-forget investment.
Key Investment Highlights:
● Blue-chip tenant security
● New quality build: Completed in 2023, presenting as-new condition.
● Generous site: 950m² allotment with sealed rear lane access.
● Modern office complex: Approx. 740m² over two levels.
● Flexible internal layout including:
● Multiple private offices
● Administrative work zones
● Client meeting rooms
● Large boardroom
● Smart front reception with custom-built-in cabinetry
● Two kitchens and separate storerooms
● Balcony and excellent natural light throughout
● Premium facilities: Reverse cycle and split-system air conditioning throughout.
● On-site parking: 8 car spaces on title with secure electric gate access.
Lease & Income:
● Lease commenced: December 2023.
● Term: 10 years with further 3 x 5-year options.
● Current rent: $185,400 + GST (increasing by CPI in December 2025) & outgoings.
● Annual CPI increases: Ensuring consistent rental growth.
● Excellent depreciation benefits from new construction.
This is a blue-ribbon opportunity to secure a premium freehold investment in the inner city, underpinned by a secure long-term lease and an as-new commercial building that offers superior tenant amenity and strong income growth potential.
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