U46 & 47/38 Mort Street Braddon ACT 2612

Burgess Rawson are delighted to exclusively offer For Sale by Auction this exceptional investment leased to Blackfire Restaurant.

38 Mort Street is part of the Gallery Development in the ever popular retail and residential precinct of Braddon in Canberra's CBD.

Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their head quarters to now call Braddon Home.

The Gallery was developed by Blackett Development Group, designed by the multi award winning National Architecture Firm, Cox Architecture, Built by CBS Commercial and contains 54 residential units and 2 ground floor commercial tenancies.

Highlights include:
Renowned restaurant in popular Canberra suburb
2 units of 61 sqm each for a combined total of 122 sqm
Stamp duty free
Attractive 3.5% increases ensuring growth
Excellent Tenant Paying Weekly - History of Payments
Managed by Burgess Rawson Canberra

Lessee: Fuego Nero Pty Ltd
Lease Term: 5 year lease
Lease Commencement: 1/02/2021
Lease Expiry: 31/01/2026
Increases: 3.5% Rent Reviews
Option: 1x 5 year option to 2031

Net Income $93,365 pa + GST