1 Lawson Square is situated opposite Redfern Station at the intersection of Lawson Square & Gibbons Street.
The building offers outstanding views from multiple sides and has been earmarked for future development with 3 year lease terms certain.
The Lessor inherited a furnished tenancy with existing fit out. Given the development potential of the building, the Lessor was adverse to making good. The best case scenario was to secure a tenant who could utilise the existing fit out and nearby parking spaces.
We commenced advertising during March 2015, highlighting the benefits of existing fit out, furnishings, views, proximity to public transport and parking.
City and fringe prospects requiring fitted office space close to public transport were also informed of the opportunity.
Level 6, 1 Lawson Square was leased to Ericom, who design, deliver and support IT & communication networks to a wide range of clients.
Ericom has been located within walking distance of the subject property in Alexandria. They had a preference for cabled, fitted and furnished space, access to parking and good proximity to the Illawarra rail line for staff.
Ten parties had inspected the premises with three prospects requesting formal offers from the Lessor, Lawson Square Pty Limited.
| Lease Analysis* | |
| Lease Term: | Three (3) Years |
| Area: | 433m²* approximately |
| Parking: | Five (5) spaces at $325 pcm |
| Start Date: | 15/06/2015 |
| Gross Rental: | $147,220.00 |
*approx
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