Investment Opportunity Leased to Sellick Consultants

24 Lonsdale Street, Braddon ACT 2612

$3500000.00

OfficeSize: 551 m² (approx)
UV: $15,675,000 (2019)
Mode3 combines a mix of retail, commercial office and residential space on bustling Lonsdale Street surrounded by abundant trendy cafés, bars, eateries and retail shops. This central hub in Braddon has carparking available in the basement for visitors and has the biggest carpark in the area generating more passing foot traffic for surrounding businesses.

Laing+Simmons is proud to be offering a blue-chip commercial office investment in the heart of Braddon, ACT.

This investment opportunity is located at Mode3, 24 Lonsdale Street Braddon, a modern mixed use development surrounded by an abundance of cafés, bars, eateries and retail shops.

Lonsdale Street Braddon combines lifestyle, business and retail all in one.

In addition to these services right on your doorstep, Lonsdale Street leads you straight into Bunda Street and the Canberra Centre.

The key aspects of this investment opportunity are:

1. The property is Leased to Sellick Consultants, a local business who have been operating since 1965 and are one Canberra's longest standing and most respected engineering firms.
2. The Lessee pays a rent of $240,000 excluding GST plus all strata levies, general rates, water & sewerage rates and water consumption.
3. There is approximately 8 years left on the current lease term which expires in January 2028 plus 1 x 5 year option.
4. The Lessee enjoys the benefit of having 20 car spaces which is a higher allocation of parking than most properties in the area.
5. The building has the best visitor parking offer in Lonsdale Street Braddon.
6. The Lessee has invested in a high quality fitout.

Please contact Alex Smith on 0409 007 649 for further information or to book an inspection.

Price on application.

Inspections

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

Key Details

Property Type:Office
Block:22
Section:21
Unimproved Value:$15,675,000 (2019)
Stamp Duty:$175,000
 
Laing+Simmons Commercial Property

Maps and area information

Land Details
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Block information
Block 22 Section 21 Braddon
Unimproved value: $15,675,000 (2019)
Legal description: CANB/BRAD/21/22/
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2020.
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What's Nearby

Ainslie Primary School, AinsliePrimary School
0.6km
Campbell High School, CampbellHigh 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

Braddon Suburb Information

 
Average Age
29 years
Population
5,500
Braddon's Property Profile
Braddon's Occupancy

Contact agents

Laing+Simmons Commercial Property

Laing+Simmons Commercial Property

Licensed Agent & REIACT Member
REIACT
View agency details
Alex SmithLaing+Simmons Commercial Property
Please send me information on 24 Lonsdale Street, Braddon ACT 2612
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Listing ID: 176863554. This listing has been viewed 314 times. It was first displayed on 10/06/19 and last updated on 22/02/20.