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15/236-242 Cowlishaw Street Greenway ACT 2900

  • Offices
  • 244 m²
  • For Sale, $1,225,000 (excl. GST)

Easy to Manage Investment Offering 7.5% Yield

  • New 5 year net lease to 2024
  • fixed 3.5% rental increases
  • For Sale $1.225m +

JLL is pleased to offer Unit 15, 236-242 Cowlishaw Street, Greenway for immediate sale at $1,225,000 which equates to a yield of over 7.5%.
This opportunity deserves the attention of investors seeking the following:-

High Yield investment falling below ACT Government Commercial Stamp Duty Threshold**
New 5 year net lease to 2024 plus option to Luton Properties with fixed annual rental increases of 3.5%
244 sqm unit with Excellent amenity from Lake Tuggeranong and immediate access to South.Point Shopping Centre and large Federal Government departments
Tuggeranong is home to approximately 85,000 people and one of Canberras key town centres, with ACT Government works to upgrade urban infrastructure underway.
Tenant has operated in Tuggeranong market for nearly 20 years and has invested in new fitout
Tenant pays all outgoings (as per lease)
Net income $92,720 p.a*

*Approx.
**As per ACT government stamp
duty exemptions under $1.5m

Interested parties are welcome to inspect via sole agents JLL

Property Highlights

Property ID2016019169
Floor Area244 m²
Land Area1,995 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  21 Jan 2020
Map for 15/236-242 Cowlishaw Street Greenway ACT 2900
Map for 15/236-242 Cowlishaw Street Greenway ACT 290015/236-242 Cowlishaw Street Greenway ACT 2900
JLL - Canberra
Level 7, 121 Marcus Clarke St Canberra ACT 2600

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