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Unit 91/43 Constitution Avenue
Reid ACT 2612
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Unit 91/43 Constitution Avenue Reid ACT 2612

  • Hotel, Motel, Pub & Leisure
  • 395 m²
  • For Sale, Contact Agent

Reid - Ready to Rumble

  • 10 Year Initial Lease with 5 Year Option
  • 3.75% Fixed Annual Rent Reviews
  • Over $700k Invested in Fit-Out

Knight Frank Canberra are pleased to bring to market 91/43 Constitution Avenue, Reid.

This ground-floor 395 sqm unit is located within Jamieson House - a development in close proximity to some of Canberra's most iconic landmarks, including the Australian War Memorial, Commonwealth Park, Lake Burley-Griffin, and the National Convention Centre. The subject property is only metres away from the proposed University of New South Wales campus. This new campus will be located in the centre of Canberra's research and innovation corridor, sites either side of Constitution Avenue in Reid and Parkes.

The property is being offered with a brand-new, long-term lease to Rumble Boxing. With over $700,000 invested into the fit-out of the unit, the property offers the following investment benefits:

Net Income: $168,989.23 p.a. +GST.
Increases: 3.75% Fixed p.a.
Lessee: Rumble Boxing
Lease Term : Ten (10) Years
Further Option: Five (5) Years
Lease Commencement: 1 May, 2023
Lease Expiry: 30 April, 2033

Rumble Boxing was founded in New York and is a boxing-inspired group fitness class provider designed for all levels from beginner to advanced. Rumble Boxing is a part of Xponential Fitness, the largest global franchise group of boutique fitness brands that include Pilates Studio's, Cycling, Rowing, Boxing, Running and more, which encompass over 2,750 global locations.

For Sale By Negotiation.

For further information on this opportunity, please feel free to contact either Nathan Dunn or Lucas Brinkmeyer of Knight Frank Canberra.

Property Highlights

Floor Area395 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2018966190
Category
Last updated  30 Jan 2024
Map for Unit 91/43 Constitution Avenue Reid ACT 2612

Property Highlights

Floor Area395 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2018966190
Category
Last updated  30 Jan 2024
Suite 9.02, 5 Constitution Avenue City ACT 2601

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