16 Iluka Street, Narrabundah

A unit on a lot in Narrabundah ACT. In the council area Canberra Central, with 0 bedrooms and 0 bathrooms.

ABOUT THE PROPERTY

Bedrooms
0
Bathrooms
0
Car spaces
0
Land size
224 m2
Building size
-
Council area
Canberra Central
Year built
n/a
Lot plan
Narrabundah ACT
House type
Commercial: Retail Building



HISTORY

Last sold 05/11/2018
$1,400,000



LISTING DESCRIPTION
as of November 2018

Premium Investment, Canberra's Inner South - Stamp Duty Exempt* New 4 year lease until 30 June 2022 + Options to 2028Leased to XO Restaurant - Nominated by Gourmet Traveller as one of the best restaurants in Canberra 2018223 sqm site located in the middle of the tightly held Narrabundah local centre precinctProperty is set over 2 levels with the restaurant on the ground floor and office storage space on the first floorNarrabundah: Prestigious inner south suburb of Canberra, just 2.5km to Parliament House and 3.6km to the airportAttractive fixed 3.5% rental increasesTenant pays increases in outgoings over base yearNet income: $89,434 + GSTFor Sale via Deadline Private Treaty, Offer Closing 08/11/2018 Unless Sold Prior*As per ACT stamp duty exemption, properties under $1.5m - effective 6 June 2018