Palko is located on Lonsdale Street in the heart of the Braddon retail precinct. It's surrounded with retail, dining and entertainment options, with the city only 400m away.
A key location on Lonsdale street, The development features striking architecture and contributes heavily to the ever evolving cafe and retail precinct on Lonsdale Street.
For the astute owner occupier or investor, this level 1 partially tenanted commercial property offers an unrivalled opportunity to invest into one of Canberra's most well-known food & retail precincts.
Commercial unit 29 has been split into two spaces of 70m2 & 73m2 approx. The front unit (facing Lonsdale Street) is currently occupied by a beautician business, and the remaining unit with an included exclusive balcony/seating area of 59m2 is offered as vacant possession.
The property benefits from a key location within the building 'Palko and is suitable for multiple uses;
Features;
Available for sale 144m2 total area, (70m2 currently tenanted), Lease 73m2 available
Included balcony/outdoor seating area of 59m2 approx.
Partially tenanted, 70m2 leased to hairdresser until 16th April 2023 with further options
Current rental income of $37,260 + GST for partially tenanted space
Property outgoings, Rates - $8,665.22 P.A, Levies - $4,204.64, Water - $641.60 p.a *Approx.
Unit inclusions; 59m2 private seating/balcony area & 2 basement secure car parks
Access to common area amenities
Elevator/disability access available
NBN Internet connection available (FTTN)
Outgoings, Rates - $9,097.98 p.a, Levies - $4,635.60 p.a
For further information or to arrange an inspection please contact Brennan George 0413 024 046
