Unit 6/2 Batman, BRADDON ACT 2612

For Sale- 166m2 - Investment Sale Opportunity

Retail - BRADDON ACT

For Sale- 166m2 – Investment Sale Opportunity.

Main Features:
* Central CBD location, directly opposite the Canberra Centre
* Ground floor of the large apartment complex “The Mark”
* High visibility to Cooyong St
* Established businesses on long-term leases

This 166 sqm ground floor tenancy has been sub-divided into three tenancies:

– Suite 1: 41 sqm – Leased
– Suite 2: 39 sqm – Leased
– Suite 3: 85 sqm – Vacant
– The unit also includes 4 car parks, which are currently all leased

Lease Information:

– Suite 1: leased to “Potato Corner”, commencing January 2021 with a 5-year initial term + 5-year option
– Suite 2: leased to “Oritea”, commencing April 2021 with a 5-year initial term + 5-year option
– Rent reviews: fixed 3%
– Outgoings: tenant to pay 100% of the proportion of lettable area
– Suite 3: currently vacant
– Current net income of the property is approx $88,300.
– Predicted total net income once fully leased is approx $125,254 giving the buyer approx 6.75% yield

For more information please contact Civium Agents Lachie O’Sullivan on 0435 088 655 or David Grimmond on 0406 376 697.