This is a great opportunity to purchase commercial property that can be use as an owner occupier or the Vendor is happy to stay as tenant to provide a good rental return in the short to medium term. The Vendor is willing to lease back the tenancy to satisfy 7% net yield from the purchase price.
Current owner have ruining the Karaoke business for more than 10 years, the property also futures a full commercial kitchen including cool room. This can easily convert to a restaurant for someone wish to us this property as an owner occupier.
The Boardwalk is a strata titled retail development comprising 13 units in total, with 6 units fronting Emu Bank and 7 Units fronting Lake Ginninderra. The development is split level providing the units facing lake Ginninderra with a mezzanine level, whilst the units fronting Emu Bank are single level. There is a basement car park providing 85 car parks, a loading dock with a rear access corridor to each unit and lift servicing all levels of the development.
Belconnen Town Centre population is set to increase significantly in the coming years as result of the large amount of high density development currently being being undertaken.
The unit is 154sqm on the ground level and 98sqm on the mezzanine level. Features are including full height glass shop fronts to take full advantage of the northerly aspect and outlook over Lake Ginninderra, disabled toilets on the ground level, are individually air conditioned, lighting and mezzanine levels, full commercial kitchen and cool room.
Please call Steven Shang on 0411347432 for more information.
No open times scheduled. Contact Agent to arrange a viewing.
Retail Size:252 m² (approx)
LJ Hooker Commercial Canberra
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