Unit 141/7 Donaldson Street Braddon ACT 2612
- Shop & Retail
- 32 m²
- For Sale, For Sale by Expression of Interest
City Fringe Investment
Belle Property Commercial Canberra are pleased to offer for sale Unit 141 'The Grounds' in Braddon.
The Grounds is a brand-new mixed-use development offering a blend of city living and suburban tranquillity designed by award-winning architects, Judd Studio, and built by one of Canberras leading building companies, Construction Control. This brand new mixed use scheme has been developed as a boutique village embracing the heritage of Braddon on the greens of the spiritual home of sport in Canberra, Northbourne Oval.
The development itself houses 92 apartments and 48 townhouses adding a further captive audience right on the doorstep. The developer has worked closely with the architects to complement the surrounds and accentuate the character and soul of the area. The Grounds has utilised a range of high-quality metal façade and feature steelwork, large glazed windows and feature brickwork made of durable low-maintenance materials that will ensure the development looks as good in 20 years time as it does now.
Unit 141 is a 32sqm ground floor commercial tenancy with a quirky corner frontage to Donaldson Street and good exposure to passing foot and vehicular traffic. The tenancy directly abuts the pedestrian walkway in front of a wide nature strip. The unit also has a 13sqm secure basement carpark with an adjacent storage cage on title.
The property has a brand new lease in place on the following terms:
Tenant: Boss Beauty
Lease Commencement: 19 April 2021
Lease Term: 5+5 years
Net Income: $29,578pa +GST
Annual Increases on gross Rent: Fixed at 4%pa
Outgoings: Tenant pays increases over base year
Security: 3-month bank guarantee + personal guarantee
Belle Property Commercial Canberra are offering the property for sale by Expressions of Interest closing 4pm, Thursday 18th March 2021. For further information or to arrange an inspection, please contact the exclusive agent, Mark Nicholls of Belle Property Commercial Canberra.