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Canberra, CBD Retail Investment Circa 7% yield - Stamp Du...

1-3/16 Moore Street, CANBERRA CITY ACT, 2601

For Sale

Property for Sale in 1-3/16 Moore Street, CANBERRA CITY ACT, 2601

Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604

Listing ID:
11313913
Status:
Active
For:
Sale
Price:
$1,430,000
Last Updated:
12/02/2019
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Property Type

Retail/Other
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Land Area

1487 SQM
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Floor Area

213 SQM
Icon parking

Parking

3

Canberra, CBD Retail Investment Circa 7% yield - Stamp Duty Exempt

Affordable retail investment in excellent Canberra CBD Location
4.5 year lease to December 2020 with options to 2026
Leased to Hannara Korean BBQ: Locally owned and operated authentic Korean cuisine. Canberra's only all you can eat Korean Buffet.
213 sqm ground floor strata unit with wide 22.5 m frontage on busy Barry Drive
No stamp duty payable*
Located in the heart of Canberra's business and university precinct, just meters away from Northbourne Ave, the new light rail stop, the Australian National University and Canberra’s main public and private sector office's
Tenant pays increases in outgoings over base year, as per lease
Exceptional 4% fixed rental increases
Net income: $105,161 pa + GST

For Sale by Private Treaty - Circa 7%

*As per ACT stamp duty exemption (commercial) effective 6 June 2018

For more details, please email agent

Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604


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