A unit located on a lot in Turner ACT. The local council is Canberra Central, it has 0 bedrooms, 0 bathrooms.
Solid Investment Opportunity Belle Property Commercial Canberra are pleased to bring to market Unit 5 of Space the Residences for sale. The property boasts prominent frontage to Northbourne Avenue, which has just seen the completion of stage one of the new Light rail with a stop directly outside the unit. The 97sqm ground floor commercial tenancy is leased to Canberra Business and Technology College as a culinary training school, and comprises a full commercial kitchen, cool room, loading facilities and common amenities to the rear of the unit. On offer is a brand new 4+5-year lease, commencing in June 2020 with a commencing gross rental income of $57,800pa +GST and 3% fixed annual increases. This presents a perfect opportunity to capitalise on the record low interest rates, in perhaps the safest haven for capital in Australia. The property is for sale by Expressions of Interest closing Thursday 16th July 2020. For further information or to arrange an inspection, please contact Mark Nicholls of Belle Property Commercial Canberra.