Burgess Rawson are delighted to exclusively offer for Sale by Auction this superb investment leased to the multi Award Winning, Institutional Doma Group on a brand new 5 year Lease with 10 years of option.
4/3 Sydney Avenue is part of the Realm Precinct (which DOMA Built) in the busy 5 Star Hotel, Hospitality, Australian Government, Legal and Corporate Office area of Barton within the Parliamentary Triangle.
Barton is one of Canberra's most densely populated working precincts. There is over 320,000 sqm of office buildings to a workforce population of approximately 25,000 people with approximately 67% government workforce.
The Realm Precinct is a high quality large scale development containing some of Canberra's finest hotels, hatted restaurants and cafe's. The precinct is only meters away from large Government departments such as the Australian Department of Foreign Affairs and Trade, Prime Minister & Cabinet, Department of Human Services, Department of Finance, Attorney-General's Department as well as Corporates like Microsoft, industry associations, accountancy such as PWC, CBA Bank, legal firms Minter Ellison and Parliament House.
Doma is a Canberra based group who's inception began in 1974 employing over 350 staff nationally. Since then they have established themselves as a significant participant in all sectors of the property industry from multi-unit residential apartments, mixed use developments, commercial A-Grade Offices, award Winning Hotels, retail precincts and carparks. Doma is now recognised as one of the largest development and investment companies in the ACT and Australia as well as being one of the largest private hoteliers. Doma has recently expanded its presence across NSW with the Little National Hotel at Wynyard stations and numerous office and mixed use developments completed, under construction and in the pipeline for Newcastle and other states.
This exceptional asset with exquisite high end architecturally designed fitout worthy of a top Corporate office which provides a long-term investment for any keen investor.
Highlights Include:
- Institutional Group with 45+ Years Experience.
- New 5-year lease plus options to 2036
- 3.5% Fixed Annual Rental Increases
- Total Area: 335 sqm
- Major Australian Government workforce precinct (approx. 25,000 workers daily)
- Near new asset with depreciation benefits
Lessee: Doma Services Pty Limited
Lease Term: 5 Years
Lease Commencement: 1st August 2021
Lease Expiry: 31st July 2026
Options: 2 x 5 years
Net Income: $149,621 pa + GST
