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127/35 Mort Street
Braddon ACT 2612
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Sold on 20 Jan 2021

127/35 Mort Street Braddon ACT 2612

  • Shop & Retail
  • 104 m²
  • Sold

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.

Ray White Commercial Canberra
Ray White Commercial Canberra
Level 1, 32 Lonsdale Street
Braddon, ACT 2612

Property Highlights

Date Sold20 Jan 2021
Floor Area104 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2016470667
Category
Last updated  2 Feb 2021
Map for 127/35 Mort Street Braddon ACT 2612

Nearest transport* to 127/35 Mort Street Braddon ACT 2612

Bus
Northbourne Av Mantra117 m
Northbourne Av Canberra Centre Apartments197 m
Northbourne Av The Marque Hotel258 m
Northbourne Av ACIL House280 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
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Ray White Commercial Canberra
Ray White Commercial Canberra
Level 1, 32 Lonsdale Street
Braddon, ACT 2612

Property Highlights

Date Sold20 Jan 2021
Floor Area104 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2016470667
Category
Last updated  2 Feb 2021

Listed by

Steven Shang
Steven Shang
Ray White Commercial Canberra
Call
0411 374 432

More about 127/35 Mort Street Braddon ACT 2612

127/35 Mort Street Braddon ACT 2612 is categorized as Shop & Retail Property. It has a floor area of 104 m². The listing ID for this property is 2016470667.

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