Under Offer 07/12/2022
Rare Investment Opportunity in Sydney Building
106 Alinga Street, City ACT 2601
By Negotiation
RetailSize: n/a
Block size: 209 m² approx.Retail size: 269 m² approx.UV: $512,000 (2023)
106 Alinga St offers a rare opportunity for a purchaser or investor to purchase a separately titled commercial property, well located within the iconic Canberra CBD's Sydney Building. This property provides two distinct tenancies offering an investor a diversification in income opportunity.
The property comprises a total NLA of 269sqm, featuring a 115sqm ground floor tenancy and 154sqm first floor tenancy.
The first floor tenancy of 154 sqm is currently tenanted by Church Of Scientology on a monthly ongoing basis at $2,772.73 per month. The ground floor tenancy of is 115sqm is in vacant position and currently has a restaurant fitout.
The first floor tenancy can be split into 2 separate units according to the original plan. Offering an investor a diversification of income sources longer-term flexibility. It also offers an opportunity for an owner occupier to expand their business into this iconic location, with the benefit of no lock in lease and vacant position on the ground floor.
There is separate air conditioning and amenities to each level, rear access via the rear service courtyard for the ground floor tenancy.
Estimated Outgoings FY22
General Rates $27,908.23
City Centre Levy $2,297.85
Water & Sewerage Rates $3,160.42
The building is ideally located in central Canberra CBD which is particularly well integrated into the Canberra-wide public transport system including light rail terminal and bus terminals.
For Sale by Public Auction - 11am Wednesday 7 December 2022 on ground floor of 106 Alinga St CITY.
The property comprises a total NLA of 269sqm, featuring a 115sqm ground floor tenancy and 154sqm first floor tenancy.
The first floor tenancy of 154 sqm is currently tenanted by Church Of Scientology on a monthly ongoing basis at $2,772.73 per month. The ground floor tenancy of is 115sqm is in vacant position and currently has a restaurant fitout.
The first floor tenancy can be split into 2 separate units according to the original plan. Offering an investor a diversification of income sources longer-term flexibility. It also offers an opportunity for an owner occupier to expand their business into this iconic location, with the benefit of no lock in lease and vacant position on the ground floor.
There is separate air conditioning and amenities to each level, rear access via the rear service courtyard for the ground floor tenancy.
Estimated Outgoings FY22
General Rates $27,908.23
City Centre Levy $2,297.85
Water & Sewerage Rates $3,160.42
The building is ideally located in central Canberra CBD which is particularly well integrated into the Canberra-wide public transport system including light rail terminal and bus terminals.
For Sale by Public Auction - 11am Wednesday 7 December 2022 on ground floor of 106 Alinga St CITY.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Steven Shang to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
209 m²*
Unimproved Value:
$512,000 (2023)
Other Details
Block:
5
Section:
48
Retail Size:
269 m²*
Rates (Residential):
$3,359*
Rates (Commercial):
$25,209*
Rates (Rural):
$1,033*
Land Tax (Residential):
$5,799*
Legal description:
CANB/CITY/48/5
*These are approximate values based on available information.
Maps and area information
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Block information
Block 5 Section 48 City
Block size: 209m² (approx)
Unimproved value: $512,000 (2023)
Legal description: CANB/CITY/48/5
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
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
1.5km
City Post OfficePost Office
0.2km
Aust. Defence AcademyTafe
3.2km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
29 Mar 2023
Sold
$1,250,000
Contract: 12/12/2022
Transfer: 29/03/2023
Block size: 209m²
Transfer type: Full transfer
Purpose: Residential
17 Aug 2011
Sold
$525,000
Contract: 14/04/2011
Transfer: 17/08/2011
Block size: 209m²
Transfer type: Full transfer
Purpose: Residential
04 Jul 2002
Sold
$800,000
Contract: 16/05/2002
Transfer: 04/07/2002
Block size: 209m²
Transfer type: Full transfer
Purpose: Residential
City suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
27 years
Population
4,835
Unimproved value for City
$512,000
Listing ID: 181131801. This listing has been viewed 568 times. It was first displayed on 09/11/2022 and last updated on 07/12/2022.
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.