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G12/61-65 Cooyong St
Braddon ACT 2612
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Sold on 9 Oct 2024

G12/61-65 Cooyong St Braddon ACT 2612

  • Shop & Retail
  • 69 m²
  • Sold, $895,000

Investment opportunity with 7.2% net return

    Seize this rare opportunity to acquire a prime retail property in the heart of Braddon, situated within a renowned mixed-use development. This 69 sqm retail space boasts a remarkable 7.2% net yield, making it an exceptional investment for savvy buyers.

    Property Highlights:

    • High-Quality Tenant: Leased to a reputable spa massage service with a state-of-the-art fitout.
    • Secure Investment: Current lease expiring May 2027 with 5 years options.
    • Prime Location: Strategically positioned just across the street from Canberra's largest shopping centre, Canberra Centre, Located in a high-density living area, surrounded by a vibrant community of residents and businesses, enhancing the property's appeal and potential for growth.

    5 year lease expiring May 2027 with further 5 years option.
    Tenant pay 50% body corporate and 100% Council rate
    Gross rent $67,273
    Net Income: $64,757 pa exclusive of GST.
    7.2% net return

    Broad purpose clauses including Community Use, Indoor recreation, restaurant, shop and non-retail commercial.

    This property offers the perfect blend of a solid investment with a premium location. Don't miss out on this unique chance to own a lucrative retail space in one of Canberra's most sought-after areas.

    Ray White Commercial Canberra
    Ray White Commercial Canberra
    Level 1, 32 Lonsdale Street
    Braddon, ACT 2612

    Property Highlights

    Date Sold9 Oct 2024
    Sold Price$895,000
    Floor Area69 m²
    Land AreaAsk Agent
    Parking1 x Onsite parking
    Property ID2019399876
    Category
    Last updated  9 Oct 2024
    Map for G12/61-65 Cooyong St Braddon ACT 2612
    Ray White Commercial Canberra
    Ray White Commercial Canberra
    Level 1, 32 Lonsdale Street
    Braddon, ACT 2612

    Property Highlights

    Date Sold9 Oct 2024
    Sold Price$895,000
    Floor Area69 m²
    Land AreaAsk Agent
    Parking1 x Onsite parking
    Property ID2019399876
    Category
    Last updated  9 Oct 2024

    Listed by

    Steven Shang
    Ray White Commercial Canberra
    Call
    0411 374 432

    More about G12/61-65 Cooyong St Braddon ACT 2612

    G12/61-65 Cooyong St Braddon ACT 2612 is categorized as Shop & Retail Property. It has a floor area of 69 m². There are 1 x onsite parkings.The listing ID for this property is 2019399876.

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