Premium Investment, Canberra's Inner South - Stamp Duty Exempt*

16 Iluka,Narrabundah ACT 2604

Price Guide Circa $1,410,000

RetailSize: n/a
Block size: 223 m² approx.UV: $99,000 (2018)
New 4 year lease until 30 June 2022 + Options to 2028
Leased to XO Restaurant - Nominated by Gourmet Traveller as one of the best restaurants in Canberra 2018
223 sqm site located in the middle of the tightly held Narrabundah local centre precinct
Property is set over 2 levels with the restaurant on the ground floor and office storage space on the first floor
Narrabundah: Prestigious inner south suburb of Canberra, just 2.5km to Parliament House and 3.6km to the airport
Attractive fixed 3.5% rental increases
Tenant pays increases in outgoings over base year
Net income: $89,434 + GST

For Sale via Deadline Private Treaty, Offer Closing 08/11/2018 Unless Sold Prior

*As per ACT stamp duty exemption, properties under $1.5m - effective 6 June 2018


No open times scheduled. Contact Agent to arrange a viewing.

Block map

Block Map

Key Details

Property Type:Retail
Block Size:223 (approx)
Unimproved Value:$99,000 (2018)
Stamp Duty:$0


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What's Nearby

St Benedict's Primary SchoolPrimary School
Telopea High School, BartonHigh School
The Canberra HospitalHospital
Canberra CentreMajor Shopping Centre
Australian National UniversityUniversity
Narrabundah CollegeCollege
Kingston Post OfficePost Office

Narrabundah Suburb Information

Average Age
40 years
Narrabundah Profile
Narrabundah Occupancy
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This listing has been viewed 280 times. It was first displayed on 24/09/18 and last updated on 12/11/18.