59 Wentworth Avenue is in Kingston, a prestigious and popular suburb in Canberra's inner south. It is on Wentworth Avenue, a main road that connects Kingston with other key areas of Canberra including Parliament House, the Parliamentary Triangle and Lake Burley Griffin.
The property is near high-quality residential and commercial buildings, government offices, and diplomatic missions. It is a short walk from the Kingston Shops and the Kingston Foreshore, where you can enjoy cafes, restaurants, bars, and leisure activities. The property is easily reachable by car, bus, or bike, and is 10 minutes from the CBD and the Parliamentary Triangle. The property has a superb location that offers convenience, prestige, and lifestyle.
If you are looking for a prime commercial investment opportunity in the heart of Canberra, look no further than Unit 8, 59 Wentworth Avenue Kingston. This is a rare chance to secure a whole floor of 940m2 in an architecturally designed corner stone building of the Kingston Foreshore precinct. The building was designed by the renowned Architects Terry Ring & Associates who also own and occupy space in the building since it was built in 2009.
The property is currently leased to Maxim Admin Services Pty Ltd (Trading as Maxim Chartered Accountants), a leading accounting and business advisory firm with over 25 years of experience in the Canberra market. The lease has 7 years remaining from 1 July 2024 plus 2 x 5 year option periods, providing a stable and long-term income stream. The estimated net rental return for FY25 is $458,927 exc GST, with 3% annual escalators on 1 July each year till the expiry of the first term.
The property also comes with generous basement parking, offering 24 spaces. Additionally, there is a 12m2 basement storeroom for extra storage needs.
The building enjoys a prominent location on the corner of Wentworth Avenue and Cunningham Street Kingston, with easy access to public transport, cafes, restaurants, and other amenities. The Kingston Foreshore is a vibrant and sought-after area that attracts both locals and tourists alike.
Don't miss this opportunity to invest in a quality commercial property with a reputable tenant and a prime location. Contact us today to arrange an inspection and find out more about this outstanding offer.
