5 Tennant Street is the epitome of the "perfect ACT investment", with a highly sought-after covenant being the Commonwealth of Australia, occupying 79% of the building. This is an ideal opportunity for the astute investor to acquire a secure, passive investment and unlock the benefits from day one.
Raine & Horne Commercial Canberra have the privilege to offer 5 Tennant Street, Fyshwick ACT for sale.
• Estimate Net Income: $1,107,485 p.a ex. GST^ • Fully Leased with a 6.8* year WALE^ by income, featuring 3 - 3.5% annual rent reviews • 79% occupied by the Commonwealth of Australia being AAA rated • Modern and attractive building, with 4,049sqm* NLA across 2 levels of office serviced by a lift • Secure under croft car park, with 115 allocated bays • Excellent historical leasing performance • Built in 2007 providing potential depreciation benefits • Highly efficient and flexible floor plates of 2,100sqm* with great natural light • 4.0 start NABERS Energy Rating
^As at 1 May 2020| *Approx.
Parties interested in acquiring this key asset are invited to lodge an Expressions of Interest (EOI) by 4pm on Thursday, 16 April 2020.
Please contact the selling agents to receive a detailed IM and access to the data room, or to arrange an inspection of the property.
