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G06/35 Furzer Street Phillip ACT 2606

  • Shop & Retail
  • 95 m²
  • Commercial Auction

Delicious Investment with Long Lease - Stamp Duty Free

    Burgess Rawson are delighted to exclusively offer For Sale by Auction this bite sized tenanted investment leased to Canberra's latest Sri Lankan Restaurant and Cafe; Short Eats.

    35 Furzer Street is part of the Alexander and Albemarle Precinct in the Woden Valley Town Centre and is close to Westfield Shopping Centre in the epicentre of the whole Canberra Region. With over 3,000 apartments in planning or construction, the new CIT with over 6,500 students annually and the light rail terminal all within a short walk coming this is Canberra's town centre renewal project.

    The Albemarle and Alexander buildings experienced a large re-development which include 19 tenancies with exceptional tenants including The Alby Pub, Wonderschool Childcare, Bloom Cafe, Hiit Republic Gym and a number of cafes, restaurants and retail offerings. Designed by Capezio Copeland, constructed by BLOC and developed by the National Award-winning Doma Group they re-purposed the existing structure and were able to take advantage of the environmental benefits when transforming the building.

    Highlights:

    + 7 Year Net Lease + Options to 2034
    + Attractive 4% annual increases
    + High density corporate population
    + Hospitality institution in busy central CBD location
    + 12,500 people in the public sector within 100 m radius

    Lease Term: 7 years lease
    Lease Commencement: 01/04/2021
    Lease Expiry: 31/03/2028
    Increases: 4% Rent Reviews per annum
    Option: 2 x 3 year options

    Net Income: $69,160 pa + GST

    AUCTION

    Auction date and time21/06/2022 10:30
    Auction locationYallamundi Rooms, Sydney Opera House, Sydney NSW 2000

    Property Highlights

    Floor Area95 m²
    Land AreaAsk Agent
    Parking2 x Onsite parkings
    Building TypePartial building
    Annual Return5%
    AvailabilityTenanted
    Property ID2017831479
    Category
    Last updated  26 May 2022
    Map for G06/35 Furzer Street Phillip ACT 2606

    Property Highlights

    Floor Area95 m²
    Land AreaAsk Agent
    Parking2 x Onsite parkings
    Building TypePartial building
    Annual Return5%
    AvailabilityTenanted
    Property ID2017831479
    Category
    Last updated  26 May 2022
    Level 11.02, 9 Castlereagh Street Sydney NSW 2000
    Kieran Bourke
    Kieran Bourke
    Burgess Rawson Sydney
    James Baker
    James Baker
    Burgess Rawson Canberra
    Guy Randell
    Guy Randell
    Burgess Rawson Canberra

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