41-43 Eastlake Parade Kingston, ACT 2604

For Sale $833,000 (no GST)

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Property Details

Property Description

The Opportunity – Unit 154 Element

An exceptional opportunity to purchase in one of the foreshores premiere developments awaits. ELEMENT offers one of the premium locations to secure a rare waterfront retail space that will suit a multitude of uses to the intelligent owner operator.

Offering 98m2 of internal space plus 24m2 of outdoor dining, the space allows flexibility for Canberra’s extremes of weather.

Access to a grease trap, under building car space and extra storage are added benefits to the property.

The building itself brings the future to the present. Residents enjoy state of the art building methods, a built in cinema, roof top entertaining areas and an engaged and active executive committee that add value to the building, its residents and owners

Currently leased to Scoops Ice cream until July 2022, this space would be perfect for an owner-occupier looking to set up shop in a few years time. Extended settlement terms can be negotiated, and there are obvious GST and stamp duty concessions, having the lease in place and falling under the $1,500,000 stamp duty threshold.

The Master Plan

The Kingston Foreshore is well on its way to becoming Canberra’s premiere destination for the arts, culture, tourism and leisure. The overall vision for the Foreshore is to create a mix of retail, commercial, residential and recreational areas while preserving the areas overall historical significance.

The Kingston Foreshore Master Plan aims to provide a perfect blend of landscapes, nature, art, history and people, ensuring Kingston Foreshore will be an area where visitors and residents are able to experience life, art and nature in balance.

With more residents moving to the area with more proposed residential developments, a ready made customer base is assured.

Both the National Capital Authority and the ACT Government are committed to improving the lake for all Canberrans over the next decade

The Key goals of the action plan are.
� Better water quality
� Community use and engagement
� Aquatic plant life regeneration
� Water catchment improvements

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