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158/45 Eastlake Parade
Kingston ACT 2604
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Sold on 25 Jun 2021

158/45 Eastlake Parade Kingston ACT 2604

  • Shop & Retail
  • 164 m²
  • Sold

Long Term Business in Premium Waterfront Precinct

  • 10 Year Net Lease
  • Extensive Fitout Works
  • Fixed 3% Annual Increases

Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional investment leased to the well known Top Cat Dry Cleaning on a 10 year Net lease.

158/45 Eastlake Parade is part of the Element Development in the ever popular retail and residential Waterfront precinct of Kingston Foreshore.

Kingston is one of the oldest and most densely populated suburbs in the nation's capital, is located a mere 4kms from Canberra's CBD, and is in close proximity to various hotels and attractions. Recently Kingston has undergone a vast amount of redevelopment with the likes of the Kingsborough Development being completed and the Kingston Arts Precinct yet to come.

Element; Developed by the notable Englobo Group, brings a mix of water front, and street side commercial tenancies as well 140 residential apartments to the shores of Lake Burley Griffin.

This exceptional asset provides a long-term investment for any keen investor.

Highlights Include:
- 10-year lease plus 2 x 10 year options to 2051
- 3% Fixed Annual Increases
- Tenant pays 100% of outgoings
- Total Area: 164 sqm
- Busy retail and residential Waterfront precinct
- Over $700,000 in fitout costs
- Zoning: CZ5 Mixed Use

Lessee: Hameed's Family Services Pty Ltd
Lease Term: 10 Years
Lease Commencement: 9th May 2021
Lease Expiry: 8th May 2031
Options: 2 x 10 Years

Net Income: $114,400 pa + GST

AUCTION

Auction date and time22/06/2021 11:00
Auction locationYallumundi Rooms, Sydney Opera House, Sydney NSW 2000
Burgess Rawson Canberra
Burgess Rawson Canberra
501/23 Challis Street
Dickson, ACT 2602

Property Highlights

Date Sold25 Jun 2021
Floor Area164 m²
Land Area4,937 m²
Parking2 x Onsite parkings
Property ID2017019320
Category
Last updated  28 Jun 2021
Map for 158/45 Eastlake Parade Kingston ACT 2604

Nearest transport* to 158/45 Eastlake Parade Kingston ACT 2604

Bus
Train
Wentworth Av after Giles St247 m
Wentworth Av After Giles St247 m
Eyre St after Howitt St330 m
Wentworth Av before Dawes St364 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson Canberra
Burgess Rawson Canberra
501/23 Challis Street
Dickson, ACT 2602

Property Highlights

Date Sold25 Jun 2021
Floor Area164 m²
Land Area4,937 m²
Parking2 x Onsite parkings
Property ID2017019320
Category
Last updated  28 Jun 2021

Co-Agents

Guy Randell
Guy Randell
Burgess Rawson Canberra
Call
0430272999
James Baker
James Baker
Burgess Rawson Canberra
Call
0421 863 040

More about 158/45 Eastlake Parade Kingston ACT 2604

158/45 Eastlake Parade Kingston ACT 2604 is categorized as Shop & Retail Property. It has a floor area of 164 m² and a land area of 4,937 m². There are 2 x onsite parkings.The listing ID for this property is 2017019320.

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