Long Term Investment in Town Centre Location
G02/45 Furzer Street, Phillip ACT 2606
By Negotiation
RetailSize: n/a
Retail size: 160 m² approx.
Burgess Rawson is pleased to present this exceptional investment opportunity exclusively available in the market, with a long term lease secured by Le Monsoon Pty Ltd in the new A&A precinct.
45 Furzer Street is part of the Alexander and Albemarle Precinct in the Woden Valley Town Centre, in close proximity to Westfield Shopping Centre in the epicentre of the whole Canberra Region. With over 3,000 apartments in planning or construction, the new CIT with over 6,500 students annually and the light rail terminal all within a short walk coming this is Canberra's town centre renewal project.
The Albemarle and Alexander buildings experienced a large re-development which include 19 commercial units with exceptional tenants including a foodie precinct that includes The Alby Pub, 86 South, Ramen Noodles, Gemini Cafe and Bloom Coffee. In addition, there is some exceptional national tenants including Viva Leisure's Hiit Republic Gym, Wonderschool Childcare, Velocity Conveyancing and a range of office and retail offerings including a Barber, beautician and Pilates. Designed by Capezio Copeland, constructed by BLOC, and developed by the National Award-winning Doma Group they re-purposed the existing structure and were able to take advantage of the environmental benefits when transforming the building.
Founded by chefs Robi and Antony, Le Monsoon in Phillip is a culinary gem that celebrates the vibrant flavours of South India. Their menu is a masterful fusion of South Indian spices and the freshest locally sourced ingredients. From traditional dosas to expertly crafted curries, each dish reflects the rich heritage of South Indian cuisine. Le Monsoon also has a large catering business operating from the building ensuring a diverse income stream.
Highlights:
- 10-year lease with options to 2043
- Desirable annual rental increases of 4%
- Established South Indian food operator
- Large catering provider
- Tenant pays 100% outgoings
- 3,000 + Apartments under construction or in planning
- High density corporate population
- 12,500 people in the public sector within 100 m radius
Lessee: Le Monsoon Pty Ltd
Lease Term: 10 years.
Lease Commencement: 15 March 2023
Lease Expiry: 14 March 2033
Further Options: Two further terms of 5 years each
Increases: 4% Fixed per annum
Net Income: $112,320 pa + GST
Expression of Interest Closing 4pm the 16th of April 2024
Indicative price $1,850,000 circa 6.1%
Agents: Guy Randell 0430 272 999 & James Baker 0421 863 040
45 Furzer Street is part of the Alexander and Albemarle Precinct in the Woden Valley Town Centre, in close proximity to Westfield Shopping Centre in the epicentre of the whole Canberra Region. With over 3,000 apartments in planning or construction, the new CIT with over 6,500 students annually and the light rail terminal all within a short walk coming this is Canberra's town centre renewal project.
The Albemarle and Alexander buildings experienced a large re-development which include 19 commercial units with exceptional tenants including a foodie precinct that includes The Alby Pub, 86 South, Ramen Noodles, Gemini Cafe and Bloom Coffee. In addition, there is some exceptional national tenants including Viva Leisure's Hiit Republic Gym, Wonderschool Childcare, Velocity Conveyancing and a range of office and retail offerings including a Barber, beautician and Pilates. Designed by Capezio Copeland, constructed by BLOC, and developed by the National Award-winning Doma Group they re-purposed the existing structure and were able to take advantage of the environmental benefits when transforming the building.
Founded by chefs Robi and Antony, Le Monsoon in Phillip is a culinary gem that celebrates the vibrant flavours of South India. Their menu is a masterful fusion of South Indian spices and the freshest locally sourced ingredients. From traditional dosas to expertly crafted curries, each dish reflects the rich heritage of South Indian cuisine. Le Monsoon also has a large catering business operating from the building ensuring a diverse income stream.
Highlights:
- 10-year lease with options to 2043
- Desirable annual rental increases of 4%
- Established South Indian food operator
- Large catering provider
- Tenant pays 100% outgoings
- 3,000 + Apartments under construction or in planning
- High density corporate population
- 12,500 people in the public sector within 100 m radius
Lessee: Le Monsoon Pty Ltd
Lease Term: 10 years.
Lease Commencement: 15 March 2023
Lease Expiry: 14 March 2033
Further Options: Two further terms of 5 years each
Increases: 4% Fixed per annum
Net Income: $112,320 pa + GST
Expression of Interest Closing 4pm the 16th of April 2024
Indicative price $1,850,000 circa 6.1%
Agents: Guy Randell 0430 272 999 & James Baker 0421 863 040
nbn® Fibre to the Premises (FTTP) is available in this property
Max wholesale speed tier available: nbn® Home Ultrafast
Inspections
No open inspections scheduled.
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Contact Guy Randell to learn more about this property, request an inspection or take an online tour.
Property walkthrough
Key details
Property type:
Retail
Other Details
Retail Size:
160 m²*
nbn® availability:
nbn® Fibre to the Premises (FTTP)
*These are approximate values based on available information.
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What's nearby
Sts Peter And Paul Primary SchoolPrimary School
0.9km
Melrose High SchoolHigh School
2.1km
The Canberra HospitalHospital
1.5km
Woden PlazaMajor Shopping Centre
0.2km
Australian National UniversityUniversity
7.7km
Canberra CollegeCollege
0.5km
Phillip Post OfficePost Office
0.1km
Canberra Institute Of TechnologyTafe
1.2km
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SummaryMedian sales
Average Age
32 years
Population
5,197
Listing ID: 182331095. This listing has been viewed 191 times. It was first displayed on 27/02/2024 and last updated on 22/04/2024.
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.