PRIME CBD RETAIL INVESTMENT
Unit 5 & 12/30 Garema Place, City ACT 2601
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RetailSize: 259 m² (approx)
Units 5 & 12/30 Garema Place is a leased retail investment with long-term occupancy by Canberra's iconic Landspeed Records.
The Units are perfectly positioned in the heart of the Garema Place retail pedestrian mall, which includes some of Canberra's highest foot traffic.
This highly sought-after location occupies an enviable position at the gateway between Bunda Street's 'Canberra Centre', Garema Place and City Walk.
Landspeed Records is Canberra's longstanding independent record store being deeply rooted in Canberra's music and pop culture scene. Established in 1994, Landspeed Records has occupied its current store on Garema Place since 1997.
Key attributes of the opportunity are as follows:
Premium ground floor frontage to Canberra's premier pedestrian thoroughfare
Established tenant with long-term trading history
Recently exercised 3-year Option over Unit 5 with market review
Monthly arrangement over Unit 12 (first floor)
Passing Net Income of $54,373 per annum plus GST
Weighted Average Lease Expiry of 2.84 years (as at 1 December 2023)
Two (2) separate Titles creating flexibility in ownership and occupancy
CBRE is delighted to offer Units 5 & 12/30 Garema Place for sale by Expressions of Interest closing Tuesday 12 December 2023 at 4pm (AEDT).
The Units are perfectly positioned in the heart of the Garema Place retail pedestrian mall, which includes some of Canberra's highest foot traffic.
This highly sought-after location occupies an enviable position at the gateway between Bunda Street's 'Canberra Centre', Garema Place and City Walk.
Landspeed Records is Canberra's longstanding independent record store being deeply rooted in Canberra's music and pop culture scene. Established in 1994, Landspeed Records has occupied its current store on Garema Place since 1997.
Key attributes of the opportunity are as follows:
Premium ground floor frontage to Canberra's premier pedestrian thoroughfare
Established tenant with long-term trading history
Recently exercised 3-year Option over Unit 5 with market review
Monthly arrangement over Unit 12 (first floor)
Passing Net Income of $54,373 per annum plus GST
Weighted Average Lease Expiry of 2.84 years (as at 1 December 2023)
Two (2) separate Titles creating flexibility in ownership and occupancy
CBRE is delighted to offer Units 5 & 12/30 Garema Place for sale by Expressions of Interest closing Tuesday 12 December 2023 at 4pm (AEDT).
nbn® Fibre to the Node (FTTN) is available in this property
Max wholesale speed tier available: nbn® Home Fast
Inspections
No open inspections scheduled.
Send an enquiry
Contact Joseph Rennie to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Other Details
nbn® availability:
nbn® Fibre to the Node (FTTN)
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What's nearby
Ainslie Primary SchoolPrimary School
0.9km
Campbell High SchoolHigh School
1.4km
Calvary Private HospitalHospital
5km
Canberra CentreMajor Shopping Centre
0.2km
Australian National UniversityUniversity
1.3km
Merici CollegeCollege
1.4km
City Post OfficePost Office
0.4km
Aust. Defence AcademyTafe
3km
Property history
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SummaryMedian sales
Average Age
27 years
Population
4,835
Listing ID: 182097680. This listing has been viewed 238 times. It was first displayed on 17/11/2023 and last updated on 28/04/2024.
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.