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158, 45 Eastlake Parade, Kingston, ACT, 2604

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158, 45 Eastlake Parade, Kingston, ACT, 2604

Long Term Business in Premium Waterfront Precinct
  • 10 Year Net Lease
  • Extensive Fitout Works
  • Fixed 3% Annual Increases

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 the well known Top Cat Dry Cleaning on a 10 year Net lease.

158/45 Eastlake Parade is part of the Element Development in the ever popular retail and residential Waterfront precinct of Kingston Foreshore.

Kingston is one of the oldest and most densely populated suburbs in the nation's capital, is located a mere 4kms from Canberra's CBD, and is in close proximity to various hotels and attractions. Recently Kingston has undergone a vast amount of redevelopment with the likes of the Kingsborough Development being completed and the Kingston Arts Precinct yet to come.

Element; Developed by the notable Englobo Group, brings a mix of water front, and street side commercial tenancies as well 140 residential apartments to the shores of Lake Burley Griffin.

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

Highlights Include:

- 10-year lease plus 2 x 10 year options to 2051

- 3% Fixed Annual Increases

- Tenant pays 100% of outgoings

- Total Area: 164 sqm

- Busy retail and residential Waterfront precinct

- Over $700,000 in fitout costs

- Zoning: CZ5 Mixed Use

Lessee: Hameed's Family Services Pty Ltd

Lease Term: 10 Years

Lease Commencement: 9th May 2021

Lease Expiry: 8th May 2031

Options: 2 x 10 Years

Net Income: $114,400 pa + GST

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Property Summary

  • Auction
    For Auction
  • Floor Area
    164 m² (*approx)
  • Land Size
    4937 m² (*approx)
  • Car Spaces
  • Type
    Offices, Retail, Other,
  • Tenanted Investment
    Long Term Business in Premium Waterfront Precinct


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Level 1, 41 Eastlake Parade Kingston 2604 ACT
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