Watch Watch
+32 Photos
Mode 3, 122 & 126, 24 Lonsdale Street, Braddon, ACT, 2612

2. Property Highlights

Leading Engineering Firm in Canberra's CBD
  • Proven Consultancy Firm 58+ Years
  • Popular Canberra CBD Location
  • No land tax payable

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

Read More

3. Property Location

Mode 3, 122 & 126, 24 Lonsdale Street, Braddon, ACT, 2612

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Mode 3, 122 & 126, 24 Lonsdale Street, Braddon, ACT, 2612 Braddon
Burgess Rawson Canberra
Burgess Rawson Canberra
g03, Motor Registry, 19, Challis Street, Dickson, Australian Capital Territory, Australia, 2602
calculator-icon Yield Calculator
calcultor-icon Yield Calculator