141/2 Akuna Street, City, ACT 2601

  • 38sqm
    • Sold

      Entry Level Commercial Investment Located Within Popular Canberra CBD Retail Arcade

      Raine & Horne Commercial are pleased to offer this newly leased tenanted investment for sale located within a popular Canberra CBD retail arcade.
      • 38sqm ground floor commercial unit
      • Clean and tidy open plan tenancy with high ceilings
      • Fit-out comprising carpet tiles, plasterboard walls, grid ceiling & ducted air conditioning
      • Kitchen with dishwasher & space for fridge
      • Ability to remove the partitions to open up the space
      • Common toilet facilities with key access
      • No stamp duty or GST payable (supply of going concern) The property has recently been leased on the following terms:
      • Tenant: Hellfish Pty Ltd (trading as Gather Catering Kitchen)
      • Lease Commencement: 1st November 2023
      • Lease Expiry: 7th March 2027
      • Option Period: 5 years
      • Commencing Rent: $22,000pa +GST (gross)
      • Rent Reviews: Fixed at 4% annually (including at exercise of option)
      • 1st rent Review: 8th March 2024
      • Security: 3-Month Bank Guarantee & Director's Guarantee Approximate Outgoings:
      • Rates: $4,220
      • Strata: $3,404
      • Water: $702
      • TOTAL: $8,327 Approximate Net Income (as at 8th March 2024): $14,553pa +GST This property is offered for sale at $225,000 (equating to an approx net return of 6.5%). For further information, or to arrange an inspection, please contact Mark Nicholls of Raine & Horne Commercial on 0417 239 551.

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      avatar Mark Nicholls
      Mark Nicholls
      Principal & Managing Director

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L25422349
      • Property Type:Retail
      • Building / Floor Area:38 sqm

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