Retail purchase opportunity in the City - ready to go
32 Northbourne Unit 1 & 2/32 Northbourne Avenue, City ACT 2601
$3m
RetailSize: 381 m² (approx)
Centrally located in Canberra's CBD, the Sydney Building is primely positioned within a 100m radius to the light rail, bus depot, various cafes and restaurants. The area is undergoing significant government improvements. This property backs onto Verity Lane, which provides important functional requirements for businesses in the Sydney Building including waste storage and disposal; deliveries; customer parking and alfresco dining.
Fantastic Canberra CBD owner occupier and partial-investment opportunity to purchase a strong and diversified asset in the historic Sydney Building.
Property Features:
- Captive market, CBD location opposite light rail stop
- Current Income: $62,100 pa* + GST
- Total NLA: 381sqm* (approx)
Ground Floor & Mezzanine (unit 1): Vacant 200 sqm with existing bar fitout
Unit 1, located on Ground and Mezzanine levels is currently vacant, and is the perfect prospect for you to open your own bar/restaurant business here. Recently vacated by '5th Avenue' this property has had recent cosmetic work and is in a fantastic condition, with a commercial kitchen, bar (including beer lines and keg-room, sound system and AV equipment and ample bathroom amenities. The mezzanine level offers a secondary bar and private entertaining areas
First Floor (unit 2): Freestyle Tattoo Studio 181sqm
Freestyle Tattoo is a strong operator, with an excellent business model and market presence and have recently upgraded their tenancy with the expectation to be here for a long future.
With the tenant paying their share of outgoings on top of annual rent, this is a fantastic opportunity to buy your ideal property with some residual income coming in.
For sale by Private Treaty, contact Chris Antos for more information.
Fantastic Canberra CBD owner occupier and partial-investment opportunity to purchase a strong and diversified asset in the historic Sydney Building.
Property Features:
- Captive market, CBD location opposite light rail stop
- Current Income: $62,100 pa* + GST
- Total NLA: 381sqm* (approx)
Ground Floor & Mezzanine (unit 1): Vacant 200 sqm with existing bar fitout
Unit 1, located on Ground and Mezzanine levels is currently vacant, and is the perfect prospect for you to open your own bar/restaurant business here. Recently vacated by '5th Avenue' this property has had recent cosmetic work and is in a fantastic condition, with a commercial kitchen, bar (including beer lines and keg-room, sound system and AV equipment and ample bathroom amenities. The mezzanine level offers a secondary bar and private entertaining areas
First Floor (unit 2): Freestyle Tattoo Studio 181sqm
Freestyle Tattoo is a strong operator, with an excellent business model and market presence and have recently upgraded their tenancy with the expectation to be here for a long future.
With the tenant paying their share of outgoings on top of annual rent, this is a fantastic opportunity to buy your ideal property with some residual income coming in.
For sale by Private Treaty, contact Chris Antos for more information.
nbn® Fibre to the Premises (FTTP) is available in this property
Max wholesale speed tier available: nbn® Home Ultrafast
Inspections
No open inspections scheduled.
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Contact Chris Antos to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Other Details
nbn® availability:
nbn® Fibre to the Premises (FTTP)
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What's nearby
Ainslie Primary SchoolPrimary School
1.1km
Campbell High SchoolHigh School
1.6km
Calvary Private HospitalHospital
4.9km
Canberra CentreMajor Shopping Centre
0.3km
Australian National UniversityUniversity
1.1km
Merici CollegeCollege
1.6km
City Post OfficePost Office
0.2km
Aust. Defence AcademyTafe
3.2km
Property history
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SummaryMedian sales
Average Age
27 years
Population
4,835
Listing ID: 182048865. This listing has been viewed 256 times. It was first displayed on 01/11/2023 and last updated on 27/04/2024.
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.