Unit 91/43 Constitution Avenue Reid ACT 2612

Knight Frank Canberra are pleased to bring to market 91/43 Constitution Avenue, Reid.

This ground-floor 395 sqm unit is located within Jamieson House - a development in close proximity to some of Canberra's most iconic landmarks, including the Australian War Memorial, Commonwealth Park, Lake Burley-Griffin, and the National Convention Centre. The subject property is only metres away from the proposed University of New South Wales campus. This new campus will be located in the centre of Canberra's research and innovation corridor, sites either side of Constitution Avenue in Reid and Parkes.

The property is being offered with a brand-new, long-term lease to Rumble Boxing. With over $700,000 invested into the fit-out of the unit, the property offers the following investment benefits:

Net Income: $168,989.23 p.a. +GST.
Increases: 3.75% Fixed p.a.
Lessee: Rumble Boxing
Lease Term : Ten (10) Years
Further Option: Five (5) Years
Lease Commencement: 1 May, 2023
Lease Expiry: 30 April, 2033

Rumble Boxing was founded in New York and is a boxing-inspired group fitness class provider designed for all levels from beginner to advanced. Rumble Boxing is a part of Xponential Fitness, the largest global franchise group of boutique fitness brands that include Pilates Studio's, Cycling, Rowing, Boxing, Running and more, which encompass over 2,750 global locations

*Approx