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2-4 Cross St 1,668 SF Office/Medical Condo Unit Offered at $831,099 CAD in Hurstville, NSW 2220
Investment Highlights
- Four-story commercial building with multi-use zoning
- Direct lift access to all floors and well-appointed common areas
- Mix of medical, office, and retail suites within strata configuration
- Secure basement parking with allocated spaces for occupants
Executive Summary
2–4 Cross Street is a well-located mixed-use property situated in the heart of Hurstville’s thriving commercial precinct, positioned just moments from Hurstville Train Station and Westfield Hurstville. It includes four-levels of commercial space designed to accommodate a range of professional and service-based operations. The property offers exceptional connectivity and convenience for businesses and customers alike. The building comprises multiple strata-titled suites configured for medical consulting rooms, office spaces, and boutique retail tenancies. Internal layouts across the building include open-plan areas as well as partitioned offices, with provisions for professional amenities. Common areas include shared kitchenettes and bathrooms on each level, with direct lift access servicing all floors for ease of mobility. Parking is provided within a secure basement level, offering designated car spaces allocated to individual lots. The building’s design supports a variety of commercial uses such as general office, healthcare services, and small-scale customer-facing businesses, subject to standard approvals.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Cap Rate | 5.61% |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Parking Spaces | 2 |
The suite includes two registered basement car spaces on title, providing on site parking for occupants or clients. The internal configuration supports ongoing medical or office use, with the potential for reconfiguration depending on requirements. The premises are currently leased, with the fitout and layout aligned to the existing tenancy use.
The tenancy occupies approximately 155 sqm, with two car spaces on title adding a further 28 sqm. The lease provides an annual income stream, with total gross income reported at $66,085 per annum plus GST and net rental income of $47,645. The lease structure includes a five year term with options, supporting income continuity.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 15 | 1,668 SF | Office/Medical | $831,099 CAD ($498.26 CAD/SF) | $46,585.55 CAD |
Unit 15
| Unit Size |
| 1,668 SF |
| Condo Use |
| Office/Medical |
| Price |
| $831,099 CAD ($498.26 CAD/SF) |
| NOI |
| $46,585.55 CAD |
Unit 15
| Unit Size | 1,668 SF |
| Condo Use | Office/Medical |
| Price | $831,099 CAD ($498.26 CAD/SF) |
| NOI | $46,585.55 CAD |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Parking Spaces | 2 |
| Description | |
| Unit 15 offers a commercial suite positioned on Level 2 within a mixed use building, providing approximately 155 sqm of internal floor area. The tenancy is configured with a fitted layout suited to medical or consulting use, including partitioned rooms supported by a reception and waiting area. The fitout has been established for specialist medical occupants and provides a layout consistent with consulting operations.<br> <br> The suite includes two registered basement car spaces on title, providing on site parking for occupants or clients. The internal configuration supports ongoing medical or office use, with the potential for reconfiguration depending on requirements. The premises are currently leased, with the fitout and layout aligned to the existing tenancy use.</li></ul> | |
| Sale Notes | |
| Unit 15 is offered for sale as a leased commercial investment within the Hurstville commercial precinct. The suite is subject to a long term lease to specialist medical occupants, with a reported net return of approximately 5.3 percent based on the current rental profile.<br> <br> The tenancy occupies approximately 155 sqm, with two car spaces on title adding a further 28 sqm. The lease provides an annual income stream, with total gross income reported at $66,085 per annum plus GST and net rental income of $47,645. The lease structure includes a five year term with options, supporting income continuity.</li></ul> |
Property Facts
| Total Building Size | 31,431 SF | Floors | 4 |
| Property Type | Office (Condo) | Typical Floor Size | 7,858 SF |
| Property Subtype | Office | Lot Size | 0.25 AC |
| Building Class | C |
| Total Building Size | 31,431 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 7,858 SF |
| Lot Size | 0.25 AC |
Contact
-
Michelle Hughes - United Commercial
Presented by
United Commercial
2-4 Cross St
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