Under Offer 10/01/2024
Entry Level Commercial Investment Located Within Popular Canberra CBD Retail Arcade
141/2 Akuna Street, City ACT 2601
$225,000
RetailSize: n/a
Block size: 2306 m² approx.UV: $13,500,000 (2022)
Raine & Horne Commercial are pleased to offer this newly leased tenanted investment for sale located within a popular Canberra CBD retail arcade.
• 38sqm ground floor commercial unit
• Clean and tidy open plan tenancy with high ceilings
• Fit-out comprising carpet tiles, plasterboard walls, grid ceiling & ducted air conditioning
• Kitchen with dishwasher & space for fridge
• Ability to remove the partitions to open up the space
• Common toilet facilities with key access
• No stamp duty or GST payable (supply of going concern)
The property has recently been leased on the following terms:
• Tenant: Hellfish Pty Ltd (trading as Gather Catering Kitchen)
• Lease Commencement: 1st November 2023
• Lease Expiry: 7th March 2027
• Option Period: 5 years
• Commencing Rent: $22,000pa +GST (gross)
• Rent Reviews: Fixed at 4% annually (including at exercise of option)
• 1st ent Review: 8th March 2024
• Security: 3-Month Bank Guarantee & Director's Guarantee
Approximate Outgoings:
• Rates: $4,220
• Strata: $3,404
• Water: $702
• TOTAL: $8,327
Approximate Net Income (as at 8th March 2024): $14,553pa +GST
This property is offered for sale at $225,000 (equating to an approx net return of 6.5%).
For further information, or to arrange an inspection, please contact Mark Nicholls of Raine & Horne Commercial on 0417 239 551.
• 38sqm ground floor commercial unit
• Clean and tidy open plan tenancy with high ceilings
• Fit-out comprising carpet tiles, plasterboard walls, grid ceiling & ducted air conditioning
• Kitchen with dishwasher & space for fridge
• Ability to remove the partitions to open up the space
• Common toilet facilities with key access
• No stamp duty or GST payable (supply of going concern)
The property has recently been leased on the following terms:
• Tenant: Hellfish Pty Ltd (trading as Gather Catering Kitchen)
• Lease Commencement: 1st November 2023
• Lease Expiry: 7th March 2027
• Option Period: 5 years
• Commencing Rent: $22,000pa +GST (gross)
• Rent Reviews: Fixed at 4% annually (including at exercise of option)
• 1st ent Review: 8th March 2024
• Security: 3-Month Bank Guarantee & Director's Guarantee
Approximate Outgoings:
• Rates: $4,220
• Strata: $3,404
• Water: $702
• TOTAL: $8,327
Approximate Net Income (as at 8th March 2024): $14,553pa +GST
This property is offered for sale at $225,000 (equating to an approx net return of 6.5%).
For further information, or to arrange an inspection, please contact Mark Nicholls of Raine & Horne Commercial on 0417 239 551.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Mark Nicholls to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
2306 m²*
Unimproved Value:
$13,500,000 (2022)
Other Details
Block:
13
Section:
12
Rates (Residential):
$62,328*
Rates (Commercial):
$619,769*
Rates (Rural):
$10,219*
Land Tax (Residential):
$130,913*
Legal description:
CANB/CITY/12/13
*These are approximate values based on available information.
Maps and area information
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Block information
Block 13 Section 12 City
Block size: 2306m² (approx)
Unimproved value: $13,500,000 (2022)
Legal description: CANB/CITY/12/13
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
What's nearby
Ainslie Primary SchoolPrimary School
1.1km
Campbell High SchoolHigh School
1.4km
Calvary Private HospitalHospital
5.3km
Canberra CentreMajor Shopping Centre
0.2km
Australian National UniversityUniversity
1.4km
Merici CollegeCollege
1.8km
City Post OfficePost Office
0.6km
Aust. Defence AcademyTafe
2.8km
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
26 Mar 2024
Sold
$220,000
Contract: 09/02/2024
Transfer: 26/03/2024
Block size: 2306.2m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
11 Apr 2022
Sold
$220,000
Contract: 17/03/2022
Transfer: 11/04/2022
Block size: 2306m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
13 Sep 2016
Sold
$192,500
Contract: 28/07/2016
Transfer: 13/09/2016
Block size: 2306m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
29 Oct 2014
Sold
$115,000
Contract: 12/08/2014
Transfer: 29/10/2014
Block size: 2306m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
22 Aug 2014
Sold
Ethicsrealestate.com.au
$195,000
Contract: 22/08/2014
Listed: 12/08/2014
Days on market: 10
Block size: 2306m²
Transfer type: Full transfer
03 Jul 2002
Sold
$42,800
Contract: 19/02/2002
Transfer: 03/07/2002
Block size: 2306m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
City suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
27 years
Population
4,835
Unimproved value for City
$13,500,000
Listing ID: 182089734. This listing has been viewed 411 times. It was first displayed on 15/11/2023 and last updated on 10/01/2024.
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.