RWC Canberra is pleased to offer Units 8 & 9, 236 Cowlishaw Street, Greenway for sale.
Available for purchase are two inter-connected Strata Units leased to established medical tenant, YK Orthodontics, for a 5 year lease expiring July 2027 with 2 x 5 year options. In addition to the high profile tenant, the units offer rare and highly sought after flexibility of allowing both residential and Commercial use.
The units are located on the top floor of Lakeview House, and are strategically located within the heart of the Tuggeranong Town Centre, adjacent to Tuggeranong Southpoint Shopping Centre and Lake Tuggeranong. The location is nestled in-amongst the surrounding commercial, retail and social precinct and are consequently serviced by excellent levels of Public transport, and on-grade Public car-parking.
The premises themselves comprise of approx. 185sqm of combined area that has been fitted-out to meet the exacting requirements of a state-of-the-art Orthodontic practice. In keeping with the ability for both units (8 & 9) being able to be used for either commercial, and/or residential use (or, a mixture of both), each has its own dedicated entrance, large windows to front and rear and an exceptionally sized balcony facility with Easterly views over Lake Tuggeranong. Each unit also comes with a dedicated lock-up garage facility located on-site.
At present these second (2nd) floor premises come serviced by a centralised lift facility and are fitted-out, with a formal reception area-and an integrated administration area, 4 Dental Surgery rooms, a separate kitchen and staff room, as well as additional professional offices, toilets, etc.
Key features:
- Tenanted investment with Net Lease
- High Profile Medical Tenant - YK Orthodontics
- Prime location; adjacent to Southpoint Shopping Centre, variety of commercial businesses ranging from retail to professional services/Medical practitioners
- Ample parking options for visitors
- No Stamp Duty or GST applicable (To be sold as going concern)
Lease details:
- Lease term: 5 Years
- Lease Expiry: July 2027
- Lease Option: 5 Years + 5 Years
- Annual Reviews: CPI
- Current Estimated Annual Net Income: $84,137.24 (Ex GST)
