CBD Investment Asset - 100% leased until 2031 - For Sale for $2m
25 Garema Place, City ACT 2601
2000000
RetailSize: n/a
Block size: 139 m² approx.Retail size: 240 m² approx.UV: $700,000 (2023)
PROPERTY FOR SALE (Business not included)
For sale of $2m.
25 Garema Place is a superbly located 2 level retail building in the heart of the entertainment district of Canberra's CBD. The building represents a rare opportunity to secure a 100% leased asset on a 10 year lease to a well run Hospitality operator.
Surrounded by many cafe's, restaurants and retailers. The building has approximately 240m2 of net lettable area and is a generational asset for it's next owner. Some of the primary features of the building are:
– Unbeatable located in the heart of Canberra CBD
– 100% leased until 31/12/2031
– Annual net rent of approximately $108,621 per annum.
- Land area of 139m2
The centre of the Canberra CBD is undergoing significant enhancement, with a new 5 star hotel being built directly across from the building.
The building is for sale for $2m.
Please contact Andrew Smith on 0409 600 471 for more information.
Please note: This is for the sale of the property only, it does not include the business. The business is operational and continuing.
For sale of $2m.
25 Garema Place is a superbly located 2 level retail building in the heart of the entertainment district of Canberra's CBD. The building represents a rare opportunity to secure a 100% leased asset on a 10 year lease to a well run Hospitality operator.
Surrounded by many cafe's, restaurants and retailers. The building has approximately 240m2 of net lettable area and is a generational asset for it's next owner. Some of the primary features of the building are:
– Unbeatable located in the heart of Canberra CBD
– 100% leased until 31/12/2031
– Annual net rent of approximately $108,621 per annum.
- Land area of 139m2
The centre of the Canberra CBD is undergoing significant enhancement, with a new 5 star hotel being built directly across from the building.
The building is for sale for $2m.
Please contact Andrew Smith on 0409 600 471 for more information.
Please note: This is for the sale of the property only, it does not include the business. The business is operational and continuing.
nbn® Fibre to the Premises (FTTP) is available in this property
Max wholesale speed tier available: nbn® Home Ultrafast
Inspections
No open inspections scheduled.
Send an enquiry
Contact Andrew Smith to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
139 m²*
Unimproved Value:
$700,000 (2023)
Other Details
Block:
20
Section:
35
Retail Size:
240 m²*
Rates (Residential):
$4,351*
Rates (Commercial):
$35,316*
Rates (Rural):
$1,190*
Land Tax (Residential):
$7,905*
Legal description:
CANB/CITY/35/20
nbn® availability:
nbn® Fibre to the Premises (FTTP)
*These are approximate values based on available information.
Maps and area information
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Block information
Block 20 Section 35 City
Block size: 139m² (approx)
Unimproved value: $700,000 (2023)
Legal description: CANB/CITY/35/20
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
0.9km
Campbell High SchoolHigh School
1.4km
Calvary Private HospitalHospital
5km
Canberra CentreMajor Shopping Centre
0.2km
Australian National UniversityUniversity
1.3km
Merici CollegeCollege
1.4km
City Post OfficePost Office
0.3km
Aust. Defence AcademyTafe
3.1km
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.
22 Nov 2016
Sold
$1,900,000
Contract: 04/08/2016
Transfer: 22/11/2016
Block size: 139m²
Transfer type: Full transfer
Purpose: Office,professional suite
16 Aug 2011
Sold
$1,600,000
Contract: 24/06/2011
Transfer: 16/08/2011
Block size: 139m²
Transfer type: Full transfer
Purpose: Office,professional suite
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
$700,000
Listing ID: 181892393. This listing has been viewed 735 times. It was first displayed on 31/08/2023 and last updated on 13/03/2024.
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.