66/10 Lonsdale Street Braddon ACT 2612

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)