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158/45 Eastlake Parade Kingston ACT 2604

  • Shop & Retail
  • 164 m²
  • Commercial Auction

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
Guy Randell
Burgess Rawson Canberra
Guy Randell
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra

Property Highlights

Property ID2017019320
Floor Area164 m²
Land Area4,937 m²
Parking2 x Onsite parkings
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Jun 2021
Map for 158/45 Eastlake Parade Kingston ACT 2604
Map for 158/45 Eastlake Parade Kingston ACT 2604158/45 Eastlake Parade Kingston ACT 2604
Guy Randell
Burgess Rawson Canberra
Guy Randell
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra

Property Highlights

Property ID2017019320
Floor Area164 m²
Land Area4,937 m²
Parking2 x Onsite parkings
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  24 Jun 2021
Burgess Rawson Canberra
G03/19 Challis St Dickson ACT 2602
Guy Randell
Burgess Rawson Canberra
Guy Randell
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra
James Baker
Burgess Rawson Canberra
Guy Randell

Guy Randell

Burgess Rawson Canberra

James Baker

James Baker

Burgess Rawson Canberra

0430 *** ***
0430272999

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