Properties / Buy / Australia Capital Territory / Braddon

55, 40 Mort Street, Braddon, ACT, 2612

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55, 40 Mort Street, Braddon, ACT, 2612

Long Term Investment in Popular Inner City Precinct
  • 10-year lease plus 10 year option
  • Inner City Location
  • Steps away from Light Rail Terminal

Auction Location: Yallumundi Rooms, Sydney Opera House, Sydney NSW 2000.

Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional investment leased to an experienced 20 plus year operator, The Italian Place on a 10 year lease.

55/40 Mort Street is part of the Gallery Development in the ever popular retail and residential precinct of Braddon in Canberra's Inner North, minutes from Canberra's CBD.

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 head quarters to now call Braddon Home.

The Gallery was developed by Blackett Development Group, designed by the multi award winning National Architecture Firm, Cox Architecture, Built by CBS Commercial and contains 54 residential units and 2 ground floor commercial tenancies.

This exceptional asset provides a long-term investment for any keen investor.

Highlights Include:

- 10-year lease plus 10 year option to 2041

- CPI + 1% Increases

- Total Area: 269 sqm

- Busy retail, office, residential and hospitality precinct

- Near new asset with depreciation benefits

- Opposite new $200 million Midnight Hotel and Residential Development

- Steps away from Elouera Street Light Rail Terminal

- Zoning: CZ3 Services Zone

Lessee: The Italian Place Pty Ltd & The Italian Place Deli Plus Pty Ltd

Lease Term: 10 Years

Lease Commencement: 1st July 2021

Lease Expiry: 30th June 2031

Options: 1 x 10 Year

Net Income: $131,412 pa + GST

Remember to mention you found this property on CommercialReady.com.au

Property Summary

  • Auction
    Auction
  • Floor Area
    269 m² (*approx)
  • Car Spaces
    5
  • Type
    Offices, Retail,
  • Long Term Investment in Popular Inner City Precinct

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Level 1, 41 Eastlake Parade Kingston 2604 ACT
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