172/2 Gribble Street, Gungahlin, ACT 2912
7+5 YEAR NET LEASE WITH 4% ANNUAL INCREASES
Raine & Horne Commercial Canberra are pleased to offer Unit 172 Jade for sale.
Jade is a brand-new mixed-use development developed by POD Projects, designed by Stewart Architecture and built by Core Building Group, located in the Town Centre of Gungahlin; the fastest growing region in the ACT and the second-fastest growing Town Centre in the nation.
The development comprises a total of 167 residential apartments and 6 ground floor commercial units. The Crown Lease permits a broad range of uses including shop, medical, office, recreation and restaurant. Each tenancy has fantastic street exposure, free public parking to the front plus allocated car parking on title, provisional points for services and access to common amenities including rooftop pool area, gymnasium and BBQ facilities.
All of the ground floor units at Jade are now occupied by the likes of Broaster Chicken, Laundromat @ Gungahlin, One Agency, The Fortius Collective, Café Social Hub and Gungahlin Kebab & Pizza.
Unit 172 is a ground floor commercial tenancy boasting frontage and street parking to Gribble Street providing for fantastic exposure and natural light. The property measures 82sqm and comes with 2 allocated carparks on title (located directly behind the unit providing for easy loading into the tenancy).
The unit is leased on the following terms:
• Tenant: Koffee and Team Pty Ltd Trading as Cafe Social Hub
• Lease Commencement: 01 July 2021
• Lease Term: 7+5 years
• Commencing Annual Rent: $45,100pa +GST
• Rent Review Structure: Fixed at 4% per annum, reviewed to market at option
• Outgoings: Tenant pays 100% (NET lease)
• Passing Net Income (as at 1 July 2022): $46,904 +GST For further information or to arrange an inspection, please contact the exclusive agent, Mark Nicholls of Raine & Horne Commercial Canberra.
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- Property ID: L19424689
- Property Type:Retail
- Building / Floor Area:82 sqm
- Car Spaces:2