Burgess Rawson are delighted to exclusively offer For Sale by Auction Canberra's Hottest and Hippest tenanted investment leased to 86 South Restaurant.
45 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.
86 Restaurant are a multi award winning hatted restaurant group with this restaurant a perfect sister to Canberra's hottest venue 86 North which has been one of Canberra's premier restaurants for the last years. A lively, high octane and booked out restaurant that delivers time and time again. 86 South provides the opportunity for the South side of Canberra to get a seat at the table located amongst other high quality offerings and delivering to a high income residential and corporate demographic. The is the place to be seen and you have the opportunity to own a piece of Canberra's royalty in the evolving foodie scene.
Highlights Include:
86 North has been listed on Weekend Australia's list of Australia's 50 hottest restaurant
High density corporate population
Hospitality institution in busy central CBD location
Brand new to sister restaurant 86 North
12,500 people in the public sector within 100 m radius
7 Year lease with options to 2038
Fixed annual 3.5% rent increases
Lease Term: 7 years lease
Lease Commencement: 28/02/2022
Lease Expiry: 27/02/2029
Increases: 3.5% Rent Reviews
Option: 2 x 5 year options
Net Income: $135,600 pa + GST
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