Fully leased to October 2018, with a brand new 4 year lease commencing November 2018, plus options to 2028.
Leased to Geocon Group trading as Abode Hotels with 5 hotels and over 400 rooms with an additional 4 hotels in the pipeline.
Geocon: ACT's leading developer of high rise apartments and sustainable hotels, with $400 million in annual turnover.
Located in Fyshwick, Canberra's premium industrial, retail and office region, the office backs on to the major intersection of Hindmarsh Drive and Canberra Avenue.
Close to major retailers including Anaconda, Baby Bunting, Mercedes Canberra, Repco and Canberra Outlet Centre (formerly DFO).
The 298 sqm first floor strata unit has a remarkable office fit-out including boardroom, kitchenette, separate offices, and open plan workstations with 8 dedicated car spaces on title.
Tenant pays increases on base year outgoings as per the lease.
Fixed 3% annual rent increases.
Net Income: $91,614 + GST.
