Braddon Retail Investment sub $1 million !!!

Unit 127/35 Mort Street,Braddon ACT 2612

$850,000 Ex GST as a going concern

RetailSize: n/a
Retail size: 104 m² approx.
Located within the Mantra Suites development, Unit 127 is a self-contained 104 sqm shop with independent air-conditioning, exhaust ducting, grease trap and internal bathroom. Currently operated as a takeaway, the unit has exclusive use of an additional north east facing alfresco terrace area that is leased from the ACT Government by the tenant.

In place is a 5 plus 5 year lease that commenced on 1/12/2014. The lease provides for 3% annual rent increases, recovery of increases in outgoings (the property owner does not currently recover these) and the tenant has provided a 3 month bank guarantee and personal guarantees as security. The current estimated net rental is approximately $65,065 pa plus GST.

Braddon is currently a major centre of activity in Canberra with significant infrastructure and high density mixed use development continuing to transform this suburb into the "hippest" part of Canberra.

The impending completion of the Metro Light Rail and the development of "Midnight", a complex comprising 350 apartments and 150 hotel rooms, are just two current major projects that underpin this ongoing transformation. Located on the northern fringe of the CBD and being within a 5-minute walk to the retail core & city bus interchange, Braddon is a vibrant mixed use commercial precinct featuring an eclectic mix of retailers, office users, residential apartments, hotels, serviced apartments and restaurants.

Inspections

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

Key Details

Property Type:Retail
Retail Size:104 (approx)
LJ Hooker Commercial Canberra

Maps and area information

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What's Nearby

Ainslie Primary School, AinsliePrimary School
0.8km
Campbell High School, CampbellHigh School
1.6km
Calvary Private HospitalHospital
4.6km
Canberra CentreMajor Shopping Centre
0.7km
Australian National UniversityUniversity
1.4km
Merici CollegeCollege
0.9km
Braddon Newsagency & Post OfficePost Office
0.2km

Braddon Suburb Information

 
 
Average Age
29 years
Population
4,556
Braddon Profile
Braddon Occupancy

Contact agents

LJ Hooker Commercial Canberra

LJ Hooker Commercial Canberra

View agency details
Mark ThompsonLJ Hooker Commercial Canberra
Please send me information on Unit 127/35 Mort Street, Braddon ACT 2612
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This listing has been viewed 329 times. It was first displayed on 30/08/18 and last updated on 01/10/19.