127/35 Mort Street Braddon ACT 2612
- Shop & Retail
- 104 m²
- For Sale, $899,000 (inc. GST)
Braddon Retail Investment with 5 year lease
Located within the Mantra Suites development, Unit 127 is a self-contained 104 sqm shop with independent air-conditioning, exhaust ducting, grease trap and internal bathroom. Currently operated as a takeaway, the unit has exclusive use of an additional north east facing alfresco terrace area that is leased from the ACT Government by the tenant.
In place is a 5 + 5 year lease that commenced on 1/04/2020. The lease provides for 3% annual rent increases, Tenant is well known restaurant and has been operate in this location since 2014.
This investment provides a 7% net yield with a strong lease in place.
Braddon is currently a major centre of activity in Canberra with significant infrastructure and high density mixed use development continuing to transform this suburb into the "hippest" part of Canberra.
Located on the northern fringe of the CBD and being within a 5-minute walk to the city centre, 2 minute walk to Light Rail, Braddon is a vibrant mixed use commercial precinct featuring an eclectic mix of retailers, office users, residential apartments, hotels, serviced apartments and restaurants.
|Floor Area||104 m²|
|Land Area||Ask Agent|
|Parking||On site parking available|
|Annual Return||Ask Agent|
|Last updated||2 Sep 2020|
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