106 Alinga St offers a rare opportunity for a purchaser or investor to purchase a separately titled commercial property, well located within the iconic Canberra CBD's Sydney Building. This property provides two distinct tenancies offering an investor a diversification in income opportunity.
The property comprises a total NLA of 269sqm, featuring a 115sqm ground floor tenancy and 154sqm first floor tenancy.
The first floor tenancy of 154 sqm is currently tenanted by Church Of Scientology on a monthly ongoing basis at $2,772.73 per month. The ground floor tenancy of is 115sqm is in vacant position and currently has a restaurant fitout.
The first floor tenancy can be split into 2 separate units according to the original plan. Offering an investor a diversification of income sources longer-term flexibility. It also offers an opportunity for an owner occupier to expand their business into this iconic location, with the benefit of no lock in lease and vacant position on the ground floor.
There is separate air conditioning and amenities to each level, rear access via the rear service courtyard for the ground floor tenancy.
Estimated Outgoings FY22
General Rates $27,908.23
City Centre Levy $2,297.85
Water & Sewerage Rates $3,160.42
The building is ideally located in central Canberra CBD which is particularly well integrated into the Canberra-wide public transport system including light rail terminal and bus terminals.
For Sale by Public Auction - 11am Wednesday 7 December 2022 on ground floor of 106 Alinga St CITY.
