Rare opportunity to Invest or Occupy on light rail corridor
109/227-229 Flemington Road, Franklin ACT 2913
For Sale & Lease
OfficeSize: n/a
Block size: 7983 m² approx.Office size: 130 m² approx.UV: $5,313,000 (2022)
Burgess Rawson as exclusive agents are pleased to present to the market for Sale or Lease, 109/227-229 Flemington Road, Franklin.
This highly visible retail tenancy in the Aamira Development is currently leased to 'Cookies Cycles' until August 2024, presenting an attractive opportunity for an owner occupier, investor or tenant looking to either establish their business, or re-lease on attractive terms.
Aamira Apartments is a diverse project featuring 105 roomy apartments and 5 commercial spaces spread across four levels, complemented by an underground parking facility. Amenities include a gym, tennis court, and expansive landscaped spaces for both residents and commercial occupants to enjoy. Situated along the Flemington Road light rail corridor, the project is strategically positioned in the sought-after suburb of Franklin
Lease Highlights:
- 130sqm with 2 underground car parks
- Flemington Road Exposure (main arterial road from CBD to Gungahlin region and town centre)
- 12 mins to Canberra's CBD
- Situated on light rail corridor
- Large shopfront with great signage opportunity
Asking Rent: $59,950 pa + GST
Purchase Highlights:
- Stamp Duty Free
- Ability to purchase as a going concern
- Close to prominent retailers such as Woolworths and BWS
- Dual Access
- Estimated market rental income $59,950 pa + GST
- Current Net income: $49,397.49 pa + GST
Indicative Sale Guide: $800,000
This highly visible retail tenancy in the Aamira Development is currently leased to 'Cookies Cycles' until August 2024, presenting an attractive opportunity for an owner occupier, investor or tenant looking to either establish their business, or re-lease on attractive terms.
Aamira Apartments is a diverse project featuring 105 roomy apartments and 5 commercial spaces spread across four levels, complemented by an underground parking facility. Amenities include a gym, tennis court, and expansive landscaped spaces for both residents and commercial occupants to enjoy. Situated along the Flemington Road light rail corridor, the project is strategically positioned in the sought-after suburb of Franklin
Lease Highlights:
- 130sqm with 2 underground car parks
- Flemington Road Exposure (main arterial road from CBD to Gungahlin region and town centre)
- 12 mins to Canberra's CBD
- Situated on light rail corridor
- Large shopfront with great signage opportunity
Asking Rent: $59,950 pa + GST
Purchase Highlights:
- Stamp Duty Free
- Ability to purchase as a going concern
- Close to prominent retailers such as Woolworths and BWS
- Dual Access
- Estimated market rental income $59,950 pa + GST
- Current Net income: $49,397.49 pa + GST
Indicative Sale Guide: $800,000
Inspections
No open inspections scheduled.
Send an enquiry
Contact Guy Randell to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
7983 m²*
Unimproved Value:
$5,313,000 (2022)
Other Details
Block:
1
Section:
122
Office Size:
130 m²*
Rates (Residential):
$23,113*
Rates (Commercial):
$224,467*
Rates (Rural):
$4,112*
Land Tax (Residential):
$47,539*
Legal description:
GUNG/FRAN/122/1
*These are approximate values based on available information.
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Block information
Block 1 Section 122 Franklin
Block size: 7983m² (approx)
Unimproved value: $5,313,000 (2022)
Legal description: GUNG/FRAN/122/1
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Enrolment areas for ACT public schools.
What's nearby
Harrison SchoolPrimary School
0.6km
Burgmann Anglican SchoolHigh School
2.7km
Calvary Private HospitalHospital
7.6km
The MarketplaceMajor Shopping Centre
2.3km
University Of CanberraUniversity
7km
Gungahlin CollegeCollege
2.3km
Mitchell Post OfficePost Office
1.3km
Aust. Defence AcademyTafe
9.6km
Property history
We couldn't find any history for this property.
See Franklin's suburb profile
Franklin suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
32 years
Population
7,484
Unimproved value for Franklin
$5,313,000
Listing ID: 182241333. This listing has been viewed 236 times. It was first displayed on 24/01/2024 and last updated on 05/04/2024.
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.