Retail Investment Available in Bruce, ACT
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Unit 55/1 Braybrooke Street, Bruce ACT 2617

$450,000

RetailSize: n/a
Block size: 1.35 Hectares approx.Retail size: 73 m² approx.UV: $5,565,000 (2023)
Have you been thinking of purchasing an investment residential or commercial property? Don't miss this opportunity to secure a strong commercial investment with elevated returns vs a residential unit in the same price bracket.

Proximity is a well established mixed use development located on the corner of Braybrooke Street & Battye Street, closely located to GIO Stadium, the Australian Institute of Sport, and only 5 minutes drive from Belconnen CBD.

The Unit is located on the ground floor of a four-story apartment building which is well anchored with a mix of retailers based in hospitality and personal services. The site includes ample free parking and is located nearby to public transport.

Unit 55, is leased by a successful hair salon 'Miss Arlo'.

• Miss Arlo has just commenced their second year of a 3 year lease with a further 3 year option
• Lease commenced February 2023
• Glass shop front, and high-end modern salon fit-out
• Four styling chairs, kitchenette, reception, waiting area, laundry and large bathroom
• Rental income $31,050 + GST
• Outgoings; Rates - $4,080, Levies - $3,833, Water & Sewerage - $426 (covered by the tenant)
• Net rent - $23,136.63 + GST

For more information please contact Lachie O'Sullivan on 0435 088 655 or lachlan.o'sullivan@civium.com.au
nbn® Fibre to the Building (FTTB) is available in this property
Max wholesale speed tier available: nbn® Home Fast

Inspections

No open inspections scheduled.

Send an enquiry

Contact Lachlan O'Sullivan to learn more about this property, request an inspection or take an online tour.

Key details

Property type:
Retail
Block Size:
1.35 Hectares*
Unimproved Value:
$5,565,000 (2023)

Other Details

Block:
3
Section:
75
Retail Size:
73 *
Rates (Residential):
$29,143*
Rates (Commercial):
$285,254*
Rates (Rural):
$5,051*
Land Tax (Residential):
$60,359*
Legal description:
BELC/BRUC/75/3
nbn® availability:
nbn® Fibre to the Building (FTTB)
*These are approximate values based on available information.
Civium Property Group - Commercial

Maps and area information

Land Details
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Block information
Block 3 Section 75 Bruce
Block size: 1.35Hectares (approx)
Unimproved value: $5,565,000 (2023)
Legal description: BELC/BRUC/75/3
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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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

Maribyrnong PrimaryPrimary School
1.3km
Canberra High SchoolHigh School
2.2km
Calvary Private HospitalHospital
0.9km
Jamison CentreMajor Shopping Centre
2.5km
University Of CanberraUniversity
1.4km
Radford CollegeCollege
0.8km
Jamison Post OfficePost Office
2.5km
Aust. Defence AcademyTafe
7.6km

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.
Property History
27 Jul 2022
Sold
$419,000
Contract: 31/05/2022
Transfer: 27/07/2022
Block size: 13523m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
31 Mar 2021
Sold
$300,000
Contract: 09/11/2020
Transfer: 31/03/2021
Block size: 13523m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling
16 Jun 2008
Sold
$320,000
Contract: 14/08/2006
Transfer: 16/06/2008
Block size: 13523m²
Transfer type: Full transfer
Purpose: Multiple unit dwelling

Bruce suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian salesUnimproved value
Average Age
30 years
Population
7,520
Unimproved value for Bruce
$5,565,000
Listing ID: 182257720. This listing has been viewed 370 times. It was first displayed on 31/01/2024 and last updated on 16/04/2024.
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.