Burgess Rawson Presents a Unique Opportunity: Expressions of Interest for 19 Giles Street, Kingston.
The subject site is currently occupied by Goodstart Early Learning on a net lease expiring in 2024. The opportunity exists to negotiate a new lease with an alternative childcare operator, owner occupy or develop the site. Multiple uses exist under the zoning which can include but not limited to, business agency, education establishment, health facility, hospital, indoor recreation facility, office, place of worship, residential care accommodation, retirement village and many more.
Located in a prestigious and highly visible land holding on the main thoroughfare of Giles Street, this site presents an exceptional opportunity with strong holding income that allows any potential purchaser the opportunity to submit a DA for refurbishment or a new development de risking the site. Sites of this nature do not come along very often and will be sought after by owner occupiers, investors and developers.
Kingston is a vibrant suburb located in the Australian Capital Territory (ACT), specifically within the inner-south region of Canberra. Known for its lively atmosphere and diverse community, Kingston offers a unique blend of residential, commercial, and recreational spaces. One of the defining features of Kingston is its picturesque waterfront location along Lake Burley Griffin, which provides residents and visitors with stunning views and recreational opportunities. Giles Street in Kingston is a bustling and lively part of the suburb, offering a diverse range of amenities, shopping, and dining experiences. It plays a significant role in creating the vibrant atmosphere that characterizes Kingston as a sought-after destination in Canberra. Boasting over 7000 people Kingston is continuing to grow both residentially and commercially.
Highlights:
- 1,172sqm
- CF: Community Facilities Zoning
- Located in the heart of Kingston
- Development upside with strong holding income
Lessee: Goodstart Early Learning
Lease Term: 10 years
Lease Commencement: 27 September 2014
Lease Expiry: 26 September 2024
Net Income: $215,725 per annum (plus gst)
Taking Expressions of Interest, closing 4pm Friday 4 August 2023.
For more information, please reach out to Guy Randell on 0430 272 999 or James Baker on 0421 863 040
