Unit 3 & 7/50 Geils Court, DEAKIN ACT 2600

Investment Opportunity on the top floor of Deakin House

Offices - DEAKIN ACT

50 Geils court is well located at the Yarralumla end of Deakin, it is 50m from the Deakin West Post office and is walking distance to the local shops For Sale, “Deakin House”, Units 3 + 7 are now on the market to sell!

Sale Price: $1.2 Million (No stamp Duty)

* Price is well below the replacement cost.
* Current rent is $328 psm, (which is significantly lower than current market rates.)
* Lease in place until 21 June 2026 (with Market review).
* Net Income per Annum- $77,232 + GST

Deakin House is a two-storey office building located on the corner of Geils Court and Denison Street, Deakin. The building is strata titled and broken into small inviting tenancies. The building is well lit and has an abundance of natural light filtering through it. All-day free parking is available across from the premises.

Units 3 & 7 of 50 Geils Court are combined to provide a large open plan office space of 347m2. The property features a nicely presented reception area, well-planned workspaces with several offices, breakout areas and more.

Key Features:
• Total size 347m2; Unit 3 (191m2) + Unit 7 (156m2) are to be sold in one line
• CZ2 Business Zone
• Current lease expires June 2026 with an additional two-year option
• Nicely presented reception area
• Well-planned workspace with several offices, and approximately 20 workstations.
• Internal Kitchenette/small meals /breakout area
• Server area
• Carpeted flooring throughout
• Two boardrooms board room approx. 50 m2
• Central air-conditioning
• Public carparking around the building and suburb.
• The purpose use for this building:
(To use the premises only for office use.)

These units are offered for sale by Private Treaty for $1.2m. For more information or to arrange an inspection please contact the exclusive agent David Grimmond.