Knight Frank Canberra are pleased to present to market Units 76 & 77, 17-21 Eastlake Parade, Kingston. Currently leased to La Rustica, this casual/fine-dining offering is one of the ACT's most widely recognised and well-loved Italian Restaurants.
Offering absolute waterfront dining, La Rustica sits on the Southern shores of Lake Burley Griffin in a bustling precinct of bars, eateries and cafes. Located only 4 kms from Capital Hill, the Canberra CBD and the Airport, it is an oft-frequented haunt of the business and political elite.
The property offers the following highlights for investors:
- 5 year Net Lease to 14 August 2028 - Five (5) further five (5) year options - Fixed 4% annual rent increases - 265 sqm with 67 sqm dedicated, undercover outdoor seating area on Title - Two (2) allocated basement car spaces - Part of one of Canberra's most exciting retail precincts - Affluent main trade area, close to Parliament House, Defence Precinct and Airport - Net income: $176,000 pa plus GST*
We are seeking offers over $2.85m.
If you would like further information, or to arrange an inspection, please do not hesitate to contact Nathan Dunn of Knight Frank Canberra.