114 Emu Bank Belconnen ACT 2617

Sitting on the edge of Lake Ginninderra, The Boardwalk is a popular destination in Belconnen; featuring a range of businesses from health & fitness, retail, and hospitality. The property benefits from a beautiful outlook over the Lake, which is perfectly captured by the open deck that wraps around the entire complex.

Unit 11 offers a unique investment opportunity in this popular precinct. For sale is a Retail Commercial unit and a leased public car park of 70 Bays for under $1m.

The retail unit is Currently tenanted by a popular function business, the unit is 198sqm, split into a 129sqm ground floor, 32sqm mezzanine, and an additional 37sqm of outdoor rotunda.

The basement car park is leased to Wilson Parking for a term of 3 years.

Key Features:
No stamp-duty payable on the sale
Going concern sale no GST payable
Unit size 198sqm
* 70 Basement car parks
Annual gross income c. $179,391 plus GST p.a.
Annual Net Rent - $79,708
Lease expiry for Commercial unit and Car park in August 2028
4% annual reviews with 5-year option available
Corner unit in the development, offering unrivalled views of Lake Ginninderra

Unit 11 is offered for sale by Private Treaty for $980,000, for more information or to arrange an inspection please get in touch with the exclusive agent, Andrew Smith.