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High Profile Long-Term Tenant - Great Opportunity for Investors with High Return or Future Owner Occupier!

Unit 236/- Eastern Valley Way, Belconnen ACT 2617

$967,000

OfficeSize: n/a
Block size: 1 m² approx.Office size: 178 m² approx.
Wayfarer is an 88 metre high, 27-storey mixed-use development located in Belconnen Town Centre built by Canberra’s leading developer, GEOCON. Only minutes’ walk to Westfield Shopping Centre, Canberra Indoor Sports and Aquatic Centre (CISAC), multiple government department offices, the University of Canberra and Belconnen’s waterfront precinct featuring restaurants, bars, cafes around the lake. Wayfarer is also a short drive from the Australian National University (ANU), Canberra CBD and its affluent inner north suburbs.  

The development comprises of four ground floor commercial tenancies at ground level with a warm office fit-out, comprising of painted plasterboard walls, electric and data points, carpet tiles, set plasterboard ceilings, downlights, and kitchenette with dishwasher and air conditioning. The tenancies have access to the common ground floor toilets and there’s a large public carpark directly next door for your clients.

Features Include:
* Approximately 178 square metres of floor space with 25m absolute street frontage.
* Canberra mixed-use building located lakeside Belconnen, 27 floors with 300+ apartments above.
* High ceiling – potential to add mezzanine level to increase floor space.
* Signage rights at the front of the building - see photo.
* Broad purpose clause - the property can be used for a variety of uses.

Other Information:
* At a purchase price of $967,000 the property yield is 7.5%.
* 3 year + lease ending 1st of September 2021 with a 1 year option to the tenant.
* 3% annual fixed rent increases.
* Rent is $80,707 + GST PA as at 1st of September 2019
* Outgoings - Quarterly body corporate levy of $1,109.37 + Land tax: $926.70.
* Net income: $72,563
* No Stamp Duty payable for commercial properties in the ACT under $1.5M.
* Near new building completed in December 2016, great depreciation benefits, roughly $15k a year. Depreciation is not affected by Federal budget changes in 2017.
* Blue chip tenant – Geocon uses it for a display suite.
* Not managed by agent - tenant pays by direct debit to landlord.
* Full access to swimming pool and building facilities.

For more information about this property or to arrange and inspection, please contact Michael Newham of Canberra Commercial Property Sales & Leasing on 0419 263 014 or email michael@cancom.com.au.

When to inspect

No open times scheduled
Contact agent to arrange an inspection.

Key details

Property Type:Office
Block Size:1 *
Office Size:178 *
*These are approximate values based on available information.
The Finn Group
  • The Finn Group

    The Finn Group

Maps and area information

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Block information
Block size: 1 (approx)
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What's nearby

St Vincent's Primary SchoolPrimary School
1.1km
Canberra High SchoolHigh School
0.7km
Calvary Private HospitalHospital
1.4km
Jamison CentreMajor Shopping Centre
0.9km
University Of CanberraUniversity
1.2km
Lake Ginninderra CollegeCollege
0.7km
Jamison Post OfficePost Office
0.8km
Aust. Defence AcademyTafe
9.4km

Property history
New

We couldn't find any history for this property.
See Belconnen's suburb profile

Suburb and property insights

Median salesMedian sales
Median Sale Price For Belconnen
A$400,000
Average Age
30 years
Population
6,657
Belconnen's Property Profile
Belconnen's Occupancy

Contact agents

The Finn Group

The Finn Group

View agency details
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Listing ID: 178515590. This listing has been viewed 26 times. It was first displayed on 17/07/2020 and last updated on 17/07/2020.