Burgess Rawson are delighted to exclusively offer to the market this exceptional investment leased to the award winning Sellick Consultants at 122 & 126/24 Lonsdale Street (Mode 3) Braddon.
Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.
Mode3, completed in 2012, developed and built by Construction Control (also reside in the building) is a premium grade development combining lifestyle, business and retail areas.
The building is 6 stories high, contains 115 residential units, 3,409 sqm of offices/professional space and 2,411 sqm ground floor retail space.
Highlights Include:
- 10 year net lease plus options to 2038
- Same location for last 10 years
- Tenant pays all outgoings
- Total Area: 551sqm
- Potential stamp duty saving up to $85,000 (subject to solicitor advice)
- Proven operator with 58 + years in business
- No land tax payable
- 20 basement car spaces on title
- Busy retail, office, residential and hospitality precinct
- Zoning: CZ3 Services Zone
Lessee: Sellick Consultants Pty Ltd
Lease Term: 10 Years
Lease Commencement: 15th Jan 2023
Further options: 1 x 5 Year
Net Income: $277,429 pa + GST (15th Jan 2024)
Price Guide: 6.90 % Net Yield (15th Jan 2024)
For further information or to arrange an inspection please contact James Baker, 0421 863 040 or Guy Randell, 0430 272 999
Remember to mention you found this property on CommercialReady
