15 Level 1/22-30 Franklin Street, GRIFFITH ACT 2603
$300,000 exGST (potential going concern)
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- 22 Sep 2016
Stylish Office Unit In Manuka Arcade
Located on the first floor of Manuka Arcade, unit 15 is a well-positioned office suite that is approximately 55 sqm in size. The purpose clause, under the units plan, allows a wide range of uses. The premises are currently used as an educational training facility, but they would be ideal for a small professional office and or service provided.
Presently tenanted, unit 15 currently shows a gross return of approximately $1,983 per month plus GST.
This unit has a number of positive aspects, including:
* Prestigious area within Canberra's inner south.
* Rare, small, strata titled unit with little competition in the sub 100 sqm stock pool within Griffith and/or Kingston precincts.
* Good natural light
* A scarce opportunity to purchase a potential investment within this price point
Body Corp - $2,572.56 per annum
Rates - $3,833.82 per annum
Manuka Arcade is one of the most prominent and well known buildings in Manuka. Featuring several Canberra institutions on the ground floor, inside the Arcade itself is a vibrant mix of quality high end retailers and professional office users on the first floor. This is one on the most recognisable locations in Canberra.
The building itself is just about to undergo a significant refurbishment which will be funded out of existing funds, ensuring the purchaser is investing in an asset that is well position for the medium to long term.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
15 Level 1/22-30 Franklin Street...