Located on the ground floor of the popular mixed-use development The Mark, this 166sqm retail tenancy is across the street from Canberra Centre Shopping Centre.
The units have been sub-divided into 3 tenancies of;
• 41.2sqm - Leased to Potato Corner
• 39.3sqm - Leased to Oritea
Both leases commenced in 2021 and all have a 5 year lease term with 5 years option to renewal.
• 85.5sqm - Currently vacant possession. Suitable for owner occupier to use or lease it out for additional income.
The unit also come with 4 basement car parks, currently all leased out with steady income. Current net income of the property is approx $88,054.50.
Total net income once fully lease is approx $125,609.03.
Highlights of this property include:
- CBD location with huge visibility onto Cooyong Street
- Sits next to Canberra's largest Shopping Centre and large office and high density living area.
- 166sqm total area.
- 5 year lease with option for renewal.
- 4 allocated basement carparks
- 85sqm tenancy in vacant position suitable for owner occupier or lease out for additional income.
- Tenanted to Potato Corner and Oritea.
- Tenant pay percentage of total outgoings.
- Fixed 3% rent review
Braddon links with Canberra's CBD and is becoming recognised as the place to be, with close proximity to amenities including the Canberra Centre, City bus interchange and numerous office and residential developments.
