14 Iluka Street Narrabundah ACT 2604

Raine & Horne Commercial Canberra are pleased to offer 14 Iluka Street for sale.

This 420sqm* single-title building is truly unique due to it's mixed use purpose clause permitting retail, office & residential uses, flexible floor plan and affluent inner south location.

The property is located within the Narrabundah Shops; a neighbourhood shopping centre boasting a complimentary mix of retail offerings such as the popular XO Restaurant, Danny's Bakery, Friendly Grocer, Narrabundah Pharmacy & Post Office. The centre benefits from ample car parking and public toilets.

The ground floor comprises a 150sqm* retail tenancy with a pending brand new 5+5 year NET lease, commencing 1st March 2023 at $75,000pa plus outgoings, with fixed rental increases at 4% per annum. This will provide the new building owner with immediate long-term passive income.

The upper floors give ultimate flexibility by providing a range of options including trendy office space or two large 'loft style' residential apartments comprising multiple bathrooms, kitchens, mezzanines & balconies with LED lighting & high ceilings throughout providing for plenty of natural light.

The property also incudes a double (tandem) garage to the rear with an auto roller door and internal access.

Inspections are highly recommended!

For further information or to arrange a private viewing, please contact the exclusive selling agent, Mark Nicholls of Raine & Horne Commercial on 0417239551.

* floor areas are approximate and subject to survey