Leading Engineering Firm in Canberra's CBD
122 & 126/24 Lonsdale Street, Braddon ACT 2612
By Negotiation
OfficeSize: n/a
Office size: 551 m² approx.
Burgess Rawson are delighted to exclusively offer to the market this exceptional investment leased to the award winning Sellick Consultants at 122 & 126/24 Lonsdale Street (Mode 3) Braddon.
Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.
Mode3, completed in 2012, developed and built by Construction Control (also reside in the building) is a premium grade development combining lifestyle, business and retail areas.
The building is 6 stories high, contains 115 residential units, 3,409 sqm of offices/professional space and 2,411 sqm ground floor retail space.
Highlights Include:
- 10 year net lease plus options to 2038
- Same location for last 10 years
- Tenant pays all outgoings
- Total Area: 551sqm
- Potential stamp duty saving up to $85,000 (subject to solicitor advice)
- Proven operator with 58 + years in business
- No land tax payable
- 20 basement car spaces on title
- Busy retail, office, residential and hospitality precinct
- Zoning: CZ3 Services Zone
Lessee: Sellick Consultants Pty Ltd
Lease Term: 10 Years
Lease Commencement: 15th Jan 2023
Further options: 1 x 5 Year
Net Income: $277,429 pa + GST (15th Jan 2024)
Price Guide: 6.90 % Net Yield (15th Jan 2024)
For further information or to arrange an inspection please contact James Baker, 0421 863 040 or Guy Randell, 0430 272 999
Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.
Mode3, completed in 2012, developed and built by Construction Control (also reside in the building) is a premium grade development combining lifestyle, business and retail areas.
The building is 6 stories high, contains 115 residential units, 3,409 sqm of offices/professional space and 2,411 sqm ground floor retail space.
Highlights Include:
- 10 year net lease plus options to 2038
- Same location for last 10 years
- Tenant pays all outgoings
- Total Area: 551sqm
- Potential stamp duty saving up to $85,000 (subject to solicitor advice)
- Proven operator with 58 + years in business
- No land tax payable
- 20 basement car spaces on title
- Busy retail, office, residential and hospitality precinct
- Zoning: CZ3 Services Zone
Lessee: Sellick Consultants Pty Ltd
Lease Term: 10 Years
Lease Commencement: 15th Jan 2023
Further options: 1 x 5 Year
Net Income: $277,429 pa + GST (15th Jan 2024)
Price Guide: 6.90 % Net Yield (15th Jan 2024)
For further information or to arrange an inspection please contact James Baker, 0421 863 040 or Guy Randell, 0430 272 999
Inspections
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Property walkthrough
Key details
Property type:
Office
Other Details
Office Size:
551 m²*
*These are approximate values based on available information.
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What's nearby
Ainslie Primary SchoolPrimary School
0.6km
Campbell High SchoolHigh School
1.4km
Calvary Private HospitalHospital
4.7km
Canberra CentreMajor Shopping Centre
0.8km
Australian National UniversityUniversity
1.6km
Merici CollegeCollege
0.8km
Braddon Newsagency & Post OfficePost Office
0.1km
Aust. Defence AcademyTafe
3.2km
Property history
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SummaryMedian sales
Average Age
30 years
Population
6,383
Listing ID: 181514836. This listing has been viewed 511 times. It was first displayed on 05/04/2023 and last updated on 22/12/2023.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.