Exceptional Multi Site Medical Provider in Prestigious Australian Suburb
Auction Location: Yallamundi Rooms, Opera House, Sydney.
Burgess Rawson Canberra are proud to exclusively offer for Sale by Auction one of the years most exceptional investment opportunities.
36 Bougainville Street, Manuka is one of Australia's most exceptional and prestigious corner locations. Embedded in the inner south suburb of Manuka on a main corner location with an incredible history. Located within the Manuka Village Shopping Precinct including all major national brands and 5 star hotel. Home to many Politicians, Heads of Military and Government, Titans of industry and Prominent Lawyers and Bankers. The location is second to none and within close proximity to some of the country's leading private and public schools including Canberra Grammar and Telopea Park Schools. This location is in the heart of the Federal Government close to Parliament House and all Australia Government Agencies Head Offices. In addition you are only metres away from historic and International certified Manuka Oval, home to Test Cricket, Big Bash League and the Giants AFL team ensuring the value of this exceptional location into perpetuity.
Embrace Orthodontics are a multi site operator with sites covering all key regions of the ACT including Manuka, Belconnen and Gungahlin. They are exceptionally regarded and provide essential service medical needs to the Canberra community. Leaders in technology and innovation with a laboratory and training facilities and some of the most awarded and highly regarded doctors in the field. Embrace Orthodontics are a true leader in the field and provide an outstanding long term investment opportunity. https://www.eo.com.au/
Highlights Include:
- Multi site essential services Medical tenant
- 7 year net lease plus options to 2038
- 3% Fixed annual rent increases ensuring growth
- High profile historic corner location
- Prominent long standing orthodontics practice
- Total Building Area: 370 sqm
- 25,000 workforce with strong National Public Sector location close to Parliament House
- Zoning: CZ2 - Business Zone with Residential
Lessee: Embrace Orthodontics
Lease Term: 7 Years
Lease Commencement: 1st September 2021
Lease Expiry: 31st August 2028
Options: 2 x 5 Years
Net Income: $241,325 pa + GST
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