27 Lonsdale Street Braddon, ACT 2612

For Sale $775,000 (ex GST)

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Property Details

Property Description

Braddon level 1 investment/occupy opportunity

Nibu x Palko, Level 1 unit C29.

This Level 1 unit has been subdivided into two tenancies, one of which is currently occupied by a beauty salon (NBC), the other is vacant for retail or office use.

Prime position within the development with street facing windows and balcony allowing for high visibility.

Current lease over C29a:
Sub-divided area: 70m2
Gross Rent: $40,986 (ex GST)
Lease Expiry: 16 April 2023
Option Term: 5 years

Potenteial lease over C29b:
Sub-divided area: 74m2
Estimated Potential Gross Rent: $43,328 (ex GST) – calculated on the same per m2 rate as C29a

Total Outgoings: $13,224 pa *as known by agent

Potential Net Income: $71,090 = 8.9% yield

Contact Chris Antos at Sentinel Real Estate for more information or to arrange an inspection.&#xD&#xD Located in the cosmopolitan hub of Braddon, NIBU x PALKO offers a landmark opportunity to embrace life on Lonsdale Street in Braddon – Canberra’s ever evolving vibrant cafe and retail precinct.

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