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Sold on 1 Mar 2019

Unit 11/114 Emu Bank Belconnen ACT 2617

  • Retail
  • Floor Size198 m²
  • PriceSold

Belconnen Retail Investment With Strong Growth Potential

Unit 11 is a 198 sqm strata unit comprising 129 sqm of main ground floor area, a 32 sqm mezzanine and a unique Rotunda area of 37 sqm. Featuring full height glass shopfront to take full advantage of the northerly aspect and outlook over Lake Ginninderra, the unit also has a disabled toilet on the ground level, is individually air conditioned, grid tile ceiling, lighting and has 73 dedicated basement car parks. The unit is currently leased to the Boardwalk Bar and Nightclub. There is a separate Management Agreement in place with Wilson Parking for 67 of the basement car spaces.

This is a great opportunity to purchase commercial property that is likely to show good capital growth in the short to medium term as well as provide a net return well in excess of what you would achieve from a residential investment. The current rental level is very realistic, on 5 + 5 year lease with fixed increases, & provides the opportunity for strong rental growth as the Belconnen Town Centre population is set to increase significantly in the coming years as a result of the large amount of high density development currently being undertaken.

The Boardwalk is a strata titled retail development comprising 13 units in total, with 6 units fronting Emu Bank and 7 Units fronting Lake Ginninderra. The development is split level providing the units facing lake Ginninderra with a mezzanine level, whilst the units fronting Emu Bank are single level. There is a basement car park providing 85 car parks, a loading dock with a rear access corridor to each unit and lift servicing all levels of the development.

Property Highlights

Property ID2014695953
Date Sold1 Mar 2019
Floor Area198 m²
Land AreaAsk Agent
ParkingAsk Agent
Last updated  2 Jan 2019
Map for Unit 11/114 Emu Bank Belconnen ACT 2617
LJ Hooker Commercial Canberra
Level 6 / 28 University Ave Canberra ACT 2600

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