Burgess Rawson are delighted to exclusively offer for Sale by Auction this outstanding Triple Net Hotel investment 'The Alby' - Designed by award winning architects Capezio Copeland and Developed by National Award Winning Group - DOMA Group
45 Furzer Street is part of the Alexander and Albemarle Precinct in the Town Centre of the Woden Valley District and is near Westfield Shopping Centre in the epicentre of the whole Canberra Region
The Albemarle and Alexander buildings experienced a large development. Re-purposing the existing structure by the National Award-winning Doma Group who were able to take advantages of the environmental benefits when transforming the building. Constructed by BLOC the multi national award winning builder.
This exceptional new architecturally designed asset provides a long-term investment with significant depreciation with a fitout at approx $4,000,000.
The tenant pays for all repairs, maintenance and replacement of all items within the property, giving you long term peace of mind as a triple net investment.
DOMA Group have over 40 years in residential, hotel and commercial development, creating homes, hotels and workplaces that put people at their core. Today, DOMA is one of the largest private developers in Australia, with a current project pipeline valued at over $1billion.
The venue is operated by DOMA Hotels who have approx 1200 hotel rooms and 18 venues nationally under their belt. This outstanding new venue is a significant holding with over 1100sqm of indoor and outdoor space. The fitout has been delivered to the highest standard and is maintained and repaired by the tenant.
- Canberra based National group established in 1974
- Canberra/Woden Town Centre location
- Brand new asset
- Fixed annual 3 % rent increases
- 18 venues nationally
- 12,500 people in the public sector within 100m radius
- 100m direct entry to Westfield Woden
- Zoning: CZ2 - Business Zone
- 10 Year Lease plus 2 x 5 Year Options
- Total Area: 1,125 sqm
Lessee: The Albemarle Woden Pty Limited (DOMA Hotels)
Lease Term: 10 years with 2 x 5 year options
Lease Commencement: 15 November 2021
Lease Expiry: 14 November 2031
Increases: 3% per annum
Net Income: $440,120 pa
