Burgess Rawson are delighted to exclusively offer For Sale by Auction this bite sized foodie investment leased to Ramen O.
35 Furzer Street is part of the Alexander and Albemarle Precinct in the Woden Valley Town Centre and is close to Westfield Shopping Centre in the epicentre of the whole Canberra Region. With over 3000 apartments in planning or construction, the new CIT with over 6500 students annually and the light rail terminal all within a short walk coming this is Canberra's town centre renewal project.
The Albemarle and Alexander buildings experienced a large re-development which include 19 tenancies with exceptional tenants including The Alby Pub, Wonderschool Childcare, Bloom Cafe, Hiit Republic Gym and a number of cafes, restaurants and retail offerings. Designed by Capezio Copeland, constructed by BLOC and developed by the National Award-winning Doma Group they re-purposed the existing structure and were able to take advantage of the environmental benefits when transforming the building.
With white walls, tiled splash backs and timber benches the modern minimalist Japanese styled unit has an inviting layout, full of natural light.
Highlights Include:
+ 5 year lease to 2026 plus options to 2031
+ High density corporate population
+ Brand new asset
+ Hospitality institution in busy central CBD location
+ Tenant pays 100% of outgoings
+ 12,500 Commonwealth Government employees within short walking distance
+ 100m to Westfield Woden
+ New TAFE with 6500 students under construction
Lease Term: 5 years lease
Lease Commencement: 15/10/2021
Lease Expiry: 14/10/2026
Increases: 4% Rent Reviews
Option: 1 x 5 year options
Net Income: $34,000 pa + GST
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