BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 4.0//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Invest or Occupy in Belconnen Town Centre\nRaine & Horne Comme rcial Canberra are pleased to present 20-22 Purdue Street\, Belconnen\, f or sale by public auction. Positioned centrally within the area known as Belconnen Service Trades Precinct\, 20-22 Purdue Street presents an outst anding opportunity for investors and owner-occupiers alike. \n\n20-22 Pur due Street occupies a central position within one of Canberra's most esta blished and rapidly evolving commercial precincts\, just a short walk fro m Westfield Belconnen\, bulky goods retailers including Officeworks\, Bun nings and BCF\, government department offices\, Lake Ginninderra and nume rous existing and proposed residential developments.\n\nSituated on a rec tangular-shaped parcel of land\, the property comprises a freestanding\, single-level commercial building with a total lettable area of approximat ely 515sqm together with on-grade parking for approximately 12 vehicles. The building benefits from dual vehicle access and egress points via both Purdue Street and Gillott Street\, providing excellent convenience for o ccupiers and visitors. The Crown Lease permits a broad range of commercia l uses\, including personal services\, offices\, veterinary hospital\, ve terinary clinic\, manufacturing and business agency. \n\nThe property was built in circa 1987 and is of brick construction comprising full heigh g lazed shopfronts with futout comprising a mix of carpet floor coverings\, grid ceiling with recessed lighting and plasterboard partition walls. Ea ch unit is individually air-conditioned with ducted air flow through the ceilings. The property is configured in a versatile configuration with mu ltiple entry doors and amenities\, providing the ability to split/merge t enancies to meet occupier demand. \n\nTENANCY SUMMARY\n\nCurrently\, the property is configured as 6 tenancies\, with four of them being leased in one line to Belconnen Physiotherapy and the other two leased to Early Su nshine Family Day Care and Hydro Algorithmics\, however all leases have e ither expired\, are due to expire shortly or have never been executed. \n \nUnits 1-3 are leased to Belconnen Physiotherapy expiring on 31 July 202 6. While the lease includes two further 5-year options\, and it's underst ood that the tenant wishes to continue in occupation\, they have not prov ided notice to exercise the upcoming option (which\, under the lease term s\, must be served between 6 and 12 months prior to expiry). Unit 4 is al so leased to Belconnen Physiotherapy\, however the draft lease was never executed. Unit 5 is leased to Early Sunshine Family Day Care as office pr emises\, however the draft lease was never executed. Unit 6 is leased to Hydro Algorithmics as office premises which expired in Dec 2025 and they are currently holding over on a month-to-month basis. \n\nThis subsequent ly presents an opportunity for a purchaser to occupy 100% of the property by giving the sitting tenants the required notice to vacate\, should it be desired. Purchasers can benefit from secure income in the short-term w hile unlocking future owner-occupier potential\, with the ability to occu py part or all of the building. Alternatively\, investors can renegotiate the leases with the tenants to secure a longer-term income-generating as set. This combination of immediate cash flow and long-term upside is seld om available in such a well-connected location\, surrounded by a range of established amenities.\n\nFINANCIAL SUMMARY\n\n• Passing Gross Rent: $1 67\,758\n• Statutory Outgoings: $30\,319\n• Recoverable Outgoings: $9\,9 36\n• Passing NET Income: $147\,375\n\nINVESTMENT HIGHLIGHTS\n\n• Prime Belconnen Town Centre location\n• Freestanding commercial building with d ual street access\n• Approximately 515sqm of lettable area\n• On-site par king for approximately 12 vehicles\n• Fully leased to established commerc ial tenants\n• Diverse income stream across health\, childcare and techno logy sectors\n• Strong rental growth provisions including fixed 4% annual increases and CPI reviews\n• Flexible Crown Lease permitting a broad ran ge of commercial uses\n• Approximately 65% of the building leased to a si ngle established occupier\n• Rare opportunity for future owner-occupation whilst deriving holding income\n• Significant surrounding residential an d commercial development activity\n• Excellent accessibility to Westfield Belconnen\, major arterial roads and public transport\n\nFURTHER INFORMA TION \n\n20-22 Purdue Street\, Belconnen will be auctioned on-site at 11a m\, Wednesday\, 22 July 2026. For further information and due diligence d ocuments (including a comprehensive Information Memorandum\, building pla ns\, copies of the leases and the sale contract)\, or to arrange a privat e inspection of the premises\, please contact the exclusive selling agent at Raine & Horne Commercial Canberra. DTEND:20260722T120000 DTSTAMP:20260610T072303Z DTSTART:20260722T110000 LOCATION:20-22 Purdue Street\, Belconnen ACT SEQUENCE:0 SUMMARY:Auction: 20-22 Purdue Street\, Belconnen ACT UID:CRE-2020904781-Auction X-ALT-DESC;FMTTYPE=text/html:< title>

Invest or Occupy in Belconnen Town Centre
Raine & Horne Commercial Canberra are pleased to present 20- 22 Purdue Street\, Belconnen\, for sale by public auction. Positioned cen trally within the area known as Belconnen Service Trades Precinct\, 20-22 Purdue Street presents an outstanding opportunity for investors and owne r-occupiers alike. \n
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20-22 Purdue Street occupies a centr al position within one of Canberra's most established and rapidly evolvin g commercial precincts\, just a short walk from Westfield Belconnen\, bul ky goods retailers including Officeworks\, Bunnings and BCF\, government department offices\, Lake Ginninderra and numerous existing and proposed residential developments.\n
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Situated on a rectangular-shap ed parcel of land\, the property comprises a freestanding\, single-level commercial building with a total lettable area of approximately 515sqm to gether with on-grade parking for approximately 12 vehicles. The building benefits from dual vehicle access and egress points via both Purdue Stree t and Gillott Street\, providing excellent convenience for occupiers and visitors. The Crown Lease permits a broad range of commercial uses\, incl uding personal services\, offices\, veterinary hospital\, veterinary clin ic\, manufacturing and business agency. \n
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The property wa s built in circa 1987 and is of brick construction comprising full heigh glazed shopfronts with futout comprising a mix of carpet floor coverings\ , grid ceiling with recessed lighting and plasterboard partition walls. E ach unit is individually air-conditioned with ducted air flow through the ceilings. The property is configured in a versatile configuration with m ultiple entry doors and amenities\, providing the ability to split/merge tenancies to meet occupier demand. \n
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TENANCY SUMMARY\n \n
Currently\, the property is configured as 6 tenancies\, with four of them being leased in one line to Belconnen Physiotherapy and the other two leased to Early Sunshine Family Day Care and Hydro Algorithmic s\, however all leases have either expired\, are due to expire shortly or have never been executed. \n
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Units 1-3 are leased to Belc onnen Physiotherapy expiring on 31 July 2026. While the lease includes tw o further 5-year options\, and it's understood that the tenant wishes to continue in occupation\, they have not provided notice to exercise the up coming option (which\, under the lease terms\, must be served between 6 a nd 12 months prior to expiry). Unit 4 is also leased to Belconnen Physiot herapy\, however the draft lease was never executed. Unit 5 is leased to Early Sunshine Family Day Care as office premises\, however the draft lea se was never executed. Unit 6 is leased to Hydro Algorithmics as office p remises which expired in Dec 2025 and they are currently holding over on a month-to-month basis. \n
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This subsequently presents an o pportunity for a purchaser to occupy 100% of the property by giving the s itting tenants the required notice to vacate\, should it be desired. Purc hasers can benefit from secure income in the short-term while unlocking f uture owner-occupier potential\, with the ability to occupy part or all o f the building. Alternatively\, investors can renegotiate the leases with the tenants to secure a longer-term income-generating asset. This combin ation of immediate cash flow and long-term upside is seldom available in such a well-connected location\, surrounded by a range of established ame nities.\n
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FINANCIAL SUMMARY\n
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• Passing Gro ss Rent: $167\,758\n
• Statutory Outgoings: $30\,319\n
• Rec overable Outgoings: $9\,936\n
• Passing NET Income: $147\,375\n < br/> \n
INVESTMENT HIGHLIGHTS\n
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• Prime Belconnen To wn Centre location\n
• Freestanding commercial building with dual s treet access\n
• Approximately 515sqm of lettable area\n
• On -site parking for approximately 12 vehicles\n
• Fully leased to est ablished commercial tenants\n
• Diverse income stream across health \, childcare and technology sectors\n
• Strong rental growth provis ions including fixed 4% annual increases and CPI reviews\n
• Flexib le Crown Lease permitting a broad range of commercial uses\n
• Appr oximately 65% of the building leased to a single established occupier\n < br/> • Rare opportunity for future owner-occupation whilst deriving holdi ng income\n
• Significant surrounding residential and commercial de velopment activity\n
• Excellent accessibility to Westfield Belconn en\, major arterial roads and public transport\n
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FURTHER I NFORMATION \n
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20-22 Purdue Street\, Belconnen will be auct ioned on-site at 11am\, Wednesday\, 22 July 2026. For further information and due diligence documents (including a comprehensive Information Memor andum\, building plans\, copies of the leases and the sale contract)\, or to arrange a private inspection of the premises\, please contact the exc lusive selling agent at Raine & Horne Commercial Canberra.

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