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Grand Central Towers, 15 Bowes Street, PHILLIP, ACT, 2606

2. Property Highlights

INVESTMENT SALE - Zero stamp duty or GST!
  • One of eleven boutique commercial units
  • 430 apartments above
  • Fantastic exposure corner tenancy

Exciting investment opportunity in Woden!

This tenancy is one of only eleven boutique commercial tenancies in the building, with 430 apartments above and shared toilet facilities.

It offers fantastic exposure, as it is a corner tenancy, and there is immense growth in this surrounding area over the next 20 years – ACT Governments Planning Strategy indicates Woden Valley will account for 8.35% of the entire ACT population by 2041.

CHP Investments Pty Ltd (tenant) currently own several other restaurants in Canberra, including Knot Just Pasta in Campbell and Chargrill Eatery & Pizza in Belconnen.

They have committed to a 12 + 5-year lease at Grand Central Towers on a net rent of $102,200 Per Annum (ex GST). The tenant pays all outgoings and incurs 3.25% annual increases.

The tenant has a rent-free period which will end on 15 June 2023 (6 months’ rent free from the lease commencement date). They have commenced an extensive fitout, which is estimated to cost in excess of $800,000 (ex GST) once completed.

Contact Chris Antos to submit a formal offer.

Remember to mention you found this property on CommercialReady

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3. Property Location

Grand Central Towers, 15 Bowes Street, PHILLIP, ACT, 2606

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4. Due Diligence

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Grand Central Towers, 15 Bowes Street, PHILLIP, ACT, 2606 Phillip
Sentia Real Estate
Sentia Real Estate
33 Flinders Way Manuka ACT 2603
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