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G14/35 Furzer Street
Phillip ACT 2606
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Sold on 9 Nov 2021

G14/35 Furzer Street Phillip ACT 2606

  • Medical / Consulting
  • 50 m²
  • Sold, $892,000

Exceptional 10 year Town Centre Lease To Market Dominant Solicitor

  • Absolute Town Centre Location
  • In business for 53 years
  • Stamp Duty Free with 4% increases

Burgess Rawson are delighted to exclusively offer for Sale by Auction this National Investment Leased to the market dominating solicitor Velocity Conveyancing.

35 Furzer Street is part of the Alexander and Albemarle Precinct in the Town Centre of the Woden Valley District and is near Westfield Shopping Centre in the very centre of the whole Canberra Region

The Albemarle and Alexander buildings experienced a large development. Re-purposing the existing structure by the National Award-winning Doma Group who were able to take advantages of the environmental benefits when transforming the building. Constructed by BLOC the multi national award winning builder.

Strong long-term lease to a long established national tenant. with 11 offices in ACT, Sydney, Regional NSW and Victoria.

This exceptional new asset provides a long-term investment for any keen investor.

Highlights Include:

- Long established national tenant
- 10-year net lease plus options to 2041
- 4% Fixed annual rent increases ensuring growth
- Stamp duty free
- Long established business since 1968
- Total Area: 50 sqm
- Canberra/Woden Town Centre location
- Brand new asset with depreciation available
- 12,500 people in the public sector within 100m radius
- 100m direct entry to Westfield Woden
- Zoning: CZ2 - Business Zone

Lessee: Velocity Conveyancing
Lease Term: 10 Years
Lease Commencement: 1st January 2021
Lease Expiry: 31st December 2031
Options: 2 x 5 Years

Net Income: $40,000 pa + GST

AUCTION

Auction date and time09/11/2021 11:00
Auction locationYallamundi Rooms, Opera House Sydney
Burgess Rawson Canberra
Burgess Rawson Canberra
501/23 Challis Street
Dickson, ACT 2602

Property Highlights

Date Sold9 Nov 2021
Sold Price$892,000
Floor Area50 m²
Land Area1.01 ha
Parking1 x Onsite parking
Property ID2017304632
Category
Last updated  15 Nov 2021
Map for G14/35 Furzer Street Phillip ACT 2606

Nearest transport* to G14/35 Furzer Street Phillip ACT 2606

Bus
Woden Interchange, Platform 6236 m
Woden Temporary Interchange Plt 6244 m
Woden Temporary Interchange Plt 5245 m
Woden Temporary Interchange Plt 6 Arrive247 m
This data is © 2024 Transport Canberra, licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson Canberra
Burgess Rawson Canberra
501/23 Challis Street
Dickson, ACT 2602

Property Highlights

Date Sold9 Nov 2021
Sold Price$892,000
Floor Area50 m²
Land Area1.01 ha
Parking1 x Onsite parking
Property ID2017304632
Category
Last updated  15 Nov 2021

Co-Agents

Guy Randell
Guy Randell
Burgess Rawson Canberra
Call
0430272999
James Baker
James Baker
Burgess Rawson Canberra
Call
0421 863 040

More about G14/35 Furzer Street Phillip ACT 2606

G14/35 Furzer Street Phillip ACT 2606 is categorized as Medical & Consulting Property. It has a floor area of 50 m² and a land area of 1.01 ha. There are 1 x onsite parkings.The listing ID for this property is 2017304632.

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