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66/10 Lonsdale Street Braddon ACT 2612

  • Medical / Consulting
  • 213 m²
  • For Sale, EOI Offers Closing 4pm 19th August

Nationally Tenanted Medical Centre Investment - CBD Location

    Burgess Rawson in conjunction with Jones Lang Lasalle are delighted to exclusively offer For Sale by Deadline Private Treaty this exceptional nationally tenanted medical investment at 66/10 Lonsdale Street, Braddon.

    Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.

    The Arte development completed in 2015 was developed by the experienced Bonman, designed by the well established and industry respected Dezignteam and contains 57 residential units and 1,750 sqm of commercial / retail space.

    Highlights include:
    + Proven medical operator with 20+ years experience
    + Ochre Health: 60+ centres nationally with 400+ doctors
    + Medical grade 213 sqm tenancy in ACT's core retail, office and hospitality precinct
    + Attractive 3% increases ensuring growth
    + No land tax payable

    Lessee: Medilond Leasing Pty Ltd
    Lease Term: 5 year lease
    Lease Commencement: 1/06/2022
    Lease Expiry: 31/05/2027
    Increases: 3% Rent Reviews
    Option: 1 x 5 year option to 2032

    Net Income $109,000 pa + GST

    For Sale by Deadline Private Treaty
    Offers Closing 4pm 19th August
    Indicative Price: Circa $2,180,000 (5% Net Yield)

    Property Highlights

    Floor Area213 m²
    Land Area213 m²
    Parking5 x Onsite parkings
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017917115
    Category
    Last updated  5 Aug 2022
    Map for 66/10 Lonsdale Street Braddon ACT 2612

    Property Highlights

    Floor Area213 m²
    Land Area213 m²
    Parking5 x Onsite parkings
    Building TypePartial building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017917115
    Category
    Last updated  5 Aug 2022
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    Mitch Frail
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