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Vital Statistics

Block Size: 1532.9 m2 (approx)
Unimproved Value: 2011 - $1,895,000

(UV is for entire block at 40 Mort Street)

Block Information

Block: 8, Section: 20

Block Map

NOTE

Always verify block details with the agent or vendor. These maps are generated by cross referencing with our spatial information database, but this does not mean they they will always correspond with the listed property. Measurements are estimates only.

Maps are produced from ACTMAPi data, supplied by the ACT Planning & Land Authority. © ACT Gov. 2010.

What's Nearby

Click here for more information about what's nearby to this property.


Distance to nearest Post Office

BRADDON NEWSAGENCY & POST OFFICE - 0.1 km

Major Shopping Centre

CANBERRA CENTRE - 0.8 km

Hospital

CALVARY PRIVATE HOSPITAL - 4.6 km

Primary School

AINSLIE PRIMARY SCHOOL, AINSLIE - 0.7 km

High School

CAMPBELL HIGH SCHOOL, CAMPBELL - 1.5 km

College

MERICI COLLEGE - 0.8 km

University

AUSTRALIAN NATIONAL UNIVERSITY - 1.5 km

(approximate straight line distances)

Braddon Profile

Average age: 29 years
Houses: 13.8%
Townhouses: 20.4%
Flats & units: 65.6%
Other: 0.2%
Population: 3,575
     

2/40 Mort Street, Braddon

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$150,000

Looking for a lifestyle change? Then This Could be the Opportunity You’ve Been Looking For....

Electric Shadows Bookshop
Sale price - $150,000 plus SAV

Key points:

• A long established business of 24 years. (Established October, 1987)
• An iconic name for locals, originally an offshoot of Canberra’s longest running independent cinema, Electric Shadows. “Electric Shadows” is a literal translation of the Chinese word for cinema.
• The bookshop specialises in film, including the rental and sale of DVDs, but it also has a good selection of books across many other categories.
• After the closure of Electric Shadows Cinema the bookshop re-located to 40 Mort Street Braddon in February 2007.
• Store size ~ 90 square metres
• The premises are leased until 28th February 2013, with very favourable terms and the opportunity exists to negotiate a further lease on similar terms.
• Lease includes two car parking spaces at the rear of the premises
• Bespoke suspension shelving designed for the store but can still be re-located/ re-used
• Average turnover in the new location ~ $520,000 p.a.
• Customer Loyalty (purchasing) Program of ~ 1,000 members
• Part of the Readings/ Gleebooks “Summer Reading Guide” buying & promotional group
• Boutique movie rental library of ~ 2,500 titles and ~ 3,000 members
• The only (new) bookstore in Braddon and Canberra’s inner north.
• Only two other DVD rental stores in the inner north (one in Braddon and one in Dickson)
• Employs two owners and four regular casual retail assistants.
• Open seven days.
• Located next door to Cornucopia Bakery, one of Canberra’s top bakeries. Other tenants include Fringe Hairdressing, Ausdance, Rigpa Meditation Centre and the Yoga Mandir School.
• Braddon is set to boom over the next decade but planning controls mean it will retain its quirky independent / “high street” nature.
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Contact

Anne and Katarina

02 6248 8352
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Map & Location Information

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What do I need to purchase this property?

Initial Requirements (assuming sale price of $150,000)

Stamp duty $3,750
Legal fees1 $1,500
Loan application fees2 $655
Minimum deposit (10%)2 $15,000
  Total initial payment:   $20,905

Monthly Repayments (assuming deposit of $15,000 and sale price of $150,000)2

Loan repayments on $135,000 borrowed at 6.95% over 30 years.

(Principal and Interest) Loan Repayment:   $894 per month

Notes

  1. 1Legal fees are estimated and will vary from firm to firm.
  2. 2Includes application fee, mortgage legals and valuation for standard residential ACT property. Additional Land Titles Office fees are applicable for the registration and transfer of mortgage. The calculation given above is an example estimate only and may not correspond with what is commercially available.

Listing Age and Views

This listing was first displayed on 7/6/11, last updated on 7/6/11, and has been viewed 2188 times. Please note the counter is not updated immediately.

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