G14/35 Furzer Street Phillip ACT 2606

Burgess Rawson are delighted to exclusively offer for Sale by Auction this National Investment Leased to the market dominating solicitor Velocity Conveyancing.

35 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 very centre 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.

Strong long-term lease to a long established national tenant. with 11 offices in ACT, Sydney, Regional NSW and Victoria.

This exceptional new asset provides a long-term investment for any keen investor.

Highlights Include:

- Long established national tenant
- 10-year net lease plus options to 2041
- 4% Fixed annual rent increases ensuring growth
- Stamp duty free
- Long established business since 1968
- Total Area: 50 sqm
- Canberra/Woden Town Centre location
- Brand new asset with depreciation available
- 12,500 people in the public sector within 100m radius
- 100m direct entry to Westfield Woden
- Zoning: CZ2 - Business Zone

Lessee: Velocity Conveyancing
Lease Term: 10 Years
Lease Commencement: 1st January 2021
Lease Expiry: 31st December 2031
Options: 2 x 5 Years

Net Income: $40,000 pa + GST