14 Iluka Street, Narrabundah, ACT 2604
Flexible mixed use building in inner south.. with income!
Raine & Horne Commercial Canberra are pleased to offer 14 Iluka Street for sale.
This 420sqm* single-title building is truly unique due to it's mixed use purpose clause permitting retail, office & residential uses, flexible floor plan and affluent inner south location.
The property is located within the Narrabundah Shops; a neighbourhood shopping centre boasting a complimentary mix of retail offerings such as the popular XO Restaurant, Danny's Bakery, Friendly Grocer, Narrabundah Pharmacy & Post Office. The centre benefits from ample car parking and public toilets.
The ground floor comprises a 150sqm* retail tenancy with a pending brand new 5+5 year NET lease, commencing 1st March 2023 at $75,000pa plus outgoings, with fixed rental increases at 4% per annum. This will provide the new building owner with immediate long-term passive income.
The upper floors give ultimate flexibility by providing a range of options including trendy office space or two large 'loft style' residential apartments comprising multiple bathrooms, kitchens, mezzanines & balconies with LED lighting & high ceilings throughout providing for plenty of natural light.
The property also incudes a double (tandem) garage to the rear with an auto roller door and internal access.
Inspections are highly recommended!
For further information or to arrange a private viewing, please contact the exclusive selling agent, Mark Nicholls of Raine & Horne Commercial on 0417239551.
* floor areas are approximate and subject to survey
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- Property ID: L21695281
- Property Type:Retail
- Building / Floor Area:420 sqm
- Car Spaces:2