BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Work Downstairs. Live Upstairs. Or Earn From Both.\nWork Downst airs. Live Upstairs. Or Earn From Both.\nLG4/10 Parbery Street\, Kingston ACT 2604\n\nPublished Auction Reserve: $800\,000\n\nAuction:\nA rare oppor tunity to secure a flexible two-level property combining commercial premis es downstairs with separate residential accommodation upstairs - all withi n Kingston's distinctive Kingsborough precinct.\n\nThe property is being o ffered with vacant possession\, allowing the successful buyer to occupy it \, operate their own business\, secure new tenants or investigate separate income opportunities across the two levels.\n\nThe owner's business and f amily commitments have changed\, and a clear decision has been made to sel l. To give buyers certainty\, the owner has established a published auctio n reserve of $800\,000-below the independent valuation of $950\,000 exclud ing GST completed in March 2024.\n\nThe property will not be sold before a uction. Buyers will have time to review the documentation\, arrange financ e and prepare to bid without pressure.\n\nA Flexible Live-and-Work Propert y:\nOperate your business downstairs while living upstairs. Use the upper level as private accommodation\, a Canberra base or short-stay accommodati on. Alternatively\, investigate leasing the property to generate an ongoin g return.\n\nThe property was previously subject to an ongoing tenancy ret urning approximately $80\,000 per annum\, including outgoings.\n\nThis his torical rental information is provided as a guide only. The property is no t being sold subject to that tenancy\, and the previous return does not re present a current lease or guarantee of future income.\n\nThe Property Con sists Of:\nGround floor Area - 49m² (with 32 m² commercial area)\nUpper- level residential area - 64m²\nTotal internal lettable area - 113m²\nPri vate garage - 15m²\nBalconies - 14m²\nTotal area\, including all listed spaces - 142m²\n\nCommercial Space Downstairs:\nThe approximately 32m² l ower-ground commercial space offers direct pedestrian access and a flexibl e open-plan layout that can be configured to suit a variety of business or professional uses. Positioned facing a well-maintained landscaped courtya rd with established trees and lawn\, the space enjoys a pleasant outlook w hile remaining easily accessible for clients\, with ample street parking a vailable nearby.\n\nPreviously used by a property management business and a barber\, the space has been returned to a clean\, neutral condition and is ready for its next owner or tenant.\n\nFeatures include:\n- Approximate ly 32m² of commercial space\n- Direct pedestrian access\n- Flexible open working area\n- Kitchenette\n- Powder room\n- Reverse-cycle heating and co oling (Fujitsu)\n- Possibility to request outside seating\n- Internal acce ss to the private garage\n\nResidential Accommodation Upstairs:\nThe appro ximately 64m² upper level provides self-contained residential accommodati on with good separation from the commercial space below.\n\nFeatures inclu de:\n- One bedroom\n- Separate study or flexible additional room\n- Open-p lan living and dining area\n- Full kitchen\n- Generous bathroom with conce aled laundry\n- Front and rear balconies totaling approximately 14m²\n- R everse-cycle heating and cooling (Mitsubishi Electrical)\n- Private separa tion from the commercial level\n\nPrivate Garage and Complex Facilities:\n The property includes an approximately 15m² private garage with internal access.\n\nOwners and occupants can also enjoy facilities within the Kings borough development\, including:\n- Rooftop garden and barbecue area\n- La ndscaped common areas\n- Visitor parking\n- Full-time building manager\n- NBN fibre to the premises\n- Potential to install an EV charger with Owner s Corporation approval\n\nAdditionally\, there are a number of small busin esses in the complex including cafes\, a swimming pool and gymnasium.\n\nP ermitted Uses:\nThe Crown lease provides for residential use and a broad r ange of additional uses\, including non-retail commercial use\, serviced a partments\, guest houses\, restaurants\, shops and tourist facilities\, su bject to the relevant conditions and approvals.\n\nThe independent valuati on report records the property's existing use as an office and residential short-term holiday rental and states that this appears to be a conforming land use. Buyers must make their own enquiries regarding their intended u se\, including any planning\, licensing and Owners Corporation requirement s.\n DTEND:20260926T140000 DTSTAMP:20260921T052234Z DTSTART:20260926T133000 SEQUENCE:0 SUMMARY:Inspection: Lg04/10 Parbery Street\, Kingston ACT UID:CRE-2021161680-Inspection1 X-ALT-DESC;FMTTYPE=text/html:

Work Downstairs. Live Upstairs. Or Ea rn From Both.
Work Downstairs. Live Upstairs. Or Earn From Both.\n < br/> LG4/10 Parbery Street\, Kingston ACT 2604\n
\n
Published Auction Reserve: $800\,000\n
\n
Auction:\n
A rare opport unity to secure a flexible two-level property combining commercial premise s downstairs with separate residential accommodation upstairs - all within Kingston's distinctive Kingsborough precinct.\n
\n
The proper ty is being offered with vacant possession\, allowing the successful buyer to occupy it\, operate their own business\, secure new tenants or investi gate separate income opportunities across the two levels.\n
\n
The owner's business and family commitments have changed\, and a clear de cision has been made to sell. To give buyers certainty\, the owner has est ablished a published auction reserve of $800\,000-below the independent va luation of $950\,000 excluding GST completed in March 2024.\n
\n
The property will not be sold before auction. Buyers will have time to review the documentation\, arrange finance and prepare to bid without pres sure.\n
\n
A Flexible Live-and-Work Property:\n
Operate your business downstairs while living upstairs. Use the upper level as pri vate accommodation\, a Canberra base or short-stay accommodation. Alternat ively\, investigate leasing the property to generate an ongoing return.\n
\n
The property was previously subject to an ongoing tenancy r eturning approximately $80\,000 per annum\, including outgoings.\n
\ n
This historical rental information is provided as a guide only. Th e property is not being sold subject to that tenancy\, and the previous re turn does not represent a current lease or guarantee of future income.\n < br/> \n
The Property Consists Of:\n
Ground floor Area - 49m² (with 32 m² commercial area)\n
Upper-level residential area - 64m² \n
Total internal lettable area - 113m²\n
Private garage - 15 m²\n
Balconies - 14m²\n
Total area\, including all listed sp aces - 142m²\n
\n
Commercial Space Downstairs:\n
The ap proximately 32m² lower-ground commercial space offers direct pedestrian a ccess and a flexible open-plan layout that can be configured to suit a var iety of business or professional uses. Positioned facing a well-maintained landscaped courtyard with established trees and lawn\, the space enjoys a pleasant outlook while remaining easily accessible for clients\, with amp le street parking available nearby.\n
\n
Previously used by a property management business and a barber\, the space has been returned to a clean\, neutral condition and is ready for its next owner or tenant.\n
\n
Features include:\n
- Approximately 32m² of commerci al space\n
- Direct pedestrian access\n
- Flexible open workin g area\n
- Kitchenette\n
- Powder room\n
- Reverse-cycle heating and cooling (Fujitsu)\n
- Possibility to request outside se ating\n
- Internal access to the private garage\n
\n
Res idential Accommodation Upstairs:\n
The approximately 64m² upper lev el provides self-contained residential accommodation with good separation from the commercial space below.\n
\n
Features include:\n
- One bedroom\n
- Separate study or flexible additional room\n
- Open-plan living and dining area\n
- Full kitchen\n
- Gen erous bathroom with concealed laundry\n
- Front and rear balconies t otaling approximately 14m²\n
- Reverse-cycle heating and cooling (M itsubishi Electrical)\n
- Private separation from the commercial lev el\n
\n
Private Garage and Complex Facilities:\n
The pro perty includes an approximately 15m² private garage with internal access. \n
\n
Owners and occupants can also enjoy facilities within th e Kingsborough development\, including:\n
- Rooftop garden and barbe cue area\n
- Landscaped common areas\n
- Visitor parking\n
- Full-time building manager\n
- NBN fibre to the premises\n
- Potential to install an EV charger with Owners Corporation approval\n
\n
Additionally\, there are a number of small businesses in th e complex including cafes\, a swimming pool and gymnasium.\n
\n
Permitted Uses:\n
The Crown lease provides for residential use and a broad range of additional uses\, including non-retail commercial use\, serviced apartments\, guest houses\, restaurants\, shops and tourist facil ities\, subject to the relevant conditions and approvals.\n
\n
The independent valuation report records the property's existing use as a n office and residential short-term holiday rental and states that this ap pears to be a conforming land use. Buyers must make their own enquiries re garding their intended use\, including any planning\, licensing and Owners Corporation requirements.\n

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