This property offers a rare opportunity for a purchaser, be they an investor or a developer, to purchase a separately titled commercial property, well located within one of Canberra CBD's more high profile and patronized destination locations.
In addition to this are the following factors that together make this a worthy acquisition opportunity for that investor, and/or developer party to inquire further on.
- The existing net annual rental for the property equates to $84,000 from the 3 separate tenancies
- The existing rent being achieved on Shop 1 (the Indian caf�/bar) and that of the first floor tenancy, offer opportunities for rental growth and accordingly, also offers a new owner a corresponding opportunity in the short to medium term for growth in capital value
- The property provides three (3) distinct tenancies, offering an investor a diversification of income sources and longer-term flexibility with regards tenants, etc.
- The subject improvements are built over a rare double block of land in the heart of the CBD.
- Subject to the relevant approvals being obtained, there is an opportunity to raise the building area from its current 497 sqm, to approx. 750 - 800 sqm of building area.
- The subject property has recently undergone a considerable roofing upgrade.
- The future purchaser of this iconic property will be acquiring an asset located within a precinct that is set to benefit substantially from the redevelopment of buildings within the immediate vicinity.
- This central Canberra CBD location is particularly well integrated into the ACT Governments overall Canberra-wide public transport system.
All of the above and more are covered off in a more succinct fashion in the executive summary, available upon request.
