Entry Level Commercial Investment Located Within Popular Canberra CBD Retail Arcade
Raine & Horne Commercial Canberra are pleased to offer this newly leased tenanted investment for sale located within a popular Canberra CBD retail arcade.
• 38sqm ground floor commercial unit • Clean and tidy open plan tenancy with high ceilings • Fit-out comprising carpet tiles, plasterboard walls, grid ceiling & ducted air conditioning • Kitchen with dishwasher & space for fridge • Ability to remove the partitions to open up the space • Common toilet facilities with key access • No stamp duty or GST payable (supply of going concern)
The property has recently been leased on the following terms:
• Tenant: Hellfish Pty Ltd (trading as Gather Catering Kitchen) • Lease Commencement: 1st November 2023 • Lease Expiry: 7th March 2027 • Option Period: 5 years • Commencing Rent: $22,000pa +GST (gross) • Rent Reviews: Fixed at 4% annually (including at exercise of option) • 1st ent Review: 8th March 2024 • Security: 3-Month Bank Guarantee & Director's Guarantee