G10/35 Furzer Street Phillip ACT 2606

Burgess Rawson are delighted to exclusively offer For Sale by Auction this outstanding tenanted investment to Bloom Coffee in an Award Winning Precinct.

45 Furzer Street is part of the incredible Alexander and Albemarle Precinct in the Woden Valley Town Centre and is close to Westfield Shopping Centre in the epicentre of the whole Canberra Region.

The Albemarle and Alexander buildings experienced a large re-development which include 19 tenancies with exceptional tenants including The Alby Pub, Wonderschool Childcare, 86 Restaurant, Hiit Republic Gym and a number of cafes, restaurants and retail offerings. 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.

Bloom cafe are experienced hospitality providers with an exceptional offering. The tenancy has been built to the highest standards and will provide a long term business in the heart of a Commonwealth Public Sector town centre.

Highlights include:
Popular town centre location with high foot traffic

12,500 people in the public sector within 100 m radius

Area:109 sqm plus 34 sqm of exclusive outdoor dinning

7 Year lease with options to 2033

Fixed annual 3% rent increases

Stamp duty free

Lessee: Bloom Coffee Industries Pty Ltd
Lease Term: 7 years lease
Lease Commencement: 30/07/2021
Lease Expiry: 29/07/2028
Increases: 3% per annum
Option: 1x 5 year option to 2033

Net Income: $59,950 pa + gst