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.
