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Sold on 23 Oct 2020

Essington Street Mitchell ACT 2911

  • Factory, Warehouse & Industrial
  • 458 m²
  • Sold

Attractive Industrial Investment in Tightly Held Location

  • New 5 Year Lease
  • Fixed 3.5% Rental Increases
  • Stamp Duty Exempt

JLL is proud to exclusively present Unit 3, 42-44 Essington Street, Mitchell for sale. located in Canberra's tightly held Northern Industrial precinct of Mitchell. 100% leased to O'Connor Commercial Refrigeration unit 3 is part of a small 4 unit light industrial strata complex. Refurbished in 2010 the unit includes 164 sqm of office & showroom, 187 of warehouse with a 6 meter height limit with roller door access and 107 sqm of approved mezzanine space with forklift access.

New 5 year lease from 1 August 2020 plus 5 year option
100% leased to O'Connor Commercial Refrigeration ACT
458 sqm* unit zoned Light Industrial with excellent frontage to Essington Street
Highly flexible unit with office and showroom accommodation, high clearance warehouse, workshop and approved mezzanine
Located in Canberra's Northern Industrial precinct of Mitchell, adjacent to new Light Rail line, easily accessible via public transport and road networks servicing Canberra's fast growing northern region
Attractive 3.5% annual rental increases
Tenant responsible for all outgoings above base year 2020 as per lease
Stamp Duty exempt
Net income $70,585 pa + GST
For Sale By Auction 10:30am Wednesday 28 October 2020

*Approximately

Mitch Frail
JLL - Canberra
Mitch Frail
JLL - Canberra

Property Highlights

Property ID2016510607
Date Sold23 Oct 2020
Floor Area458 m²
Land Area2,353 m²
Parking3 x Onsite parkings
Building TypePartial building
Category
Last updated  12 Nov 2020
Map for Essington Street Mitchell ACT 2911
Map for Essington Street Mitchell ACT 2911Essington Street Mitchell ACT 2911
Mitch Frail
JLL - Canberra
Mitch Frail
JLL - Canberra

Property Highlights

Property ID2016510607
Date Sold23 Oct 2020
Floor Area458 m²
Land Area2,353 m²
Parking3 x Onsite parkings
Building TypePartial building
Category
Last updated  12 Nov 2020
JLL - Canberra
Level 7, 121 Marcus Clarke St Canberra ACT 2600
Mitch Frail
JLL - Canberra
Mitch Frail
JLL - Canberra
Mitch Frail

Mitch Frail

JLL - Canberra

+61 *** ***
+61 61429103979

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