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Hotel/Leisure For Sale found in GREENWAY, ACT 2900

BRAND NEW 5 YEAR LEASE

Investment | Retail | Hotel/Leisure

CBRE are pleased to present units 278 and 279 within the brand new SQ1 development presented by Empire Global. The two units, measuring 254sqm*, plus 52sqm* of outdoor space, have recently been leased to Orange Theory Fitness on a brand new 5 + 5 year term. The first year’s gross rent is $92,000 +GST which increases annually by 3.5%.
SQ1 is a mixed used development which consists of seven modern commercial ground floor units fronting Anketell Street. Located diagonally opposite Bunning’s Warehouse and in close proximity to the Tuggeranong Medical Centre, the Tuggeranong Hyperdome and other major retailers, these units benefits from high levels of passing traffic.
Key Investment highlights include:
- 254sqm* plus 52sqm* of outdoor space
- 4 secure basement carparks
- Brand new 5 + 5 year lease to Orange Theory Fitness
- Estimated net income: $78,000p.a*
- Attractive 3.5% annual increases
For Sale by Public Auction: Thursday 12th December 2017 at 11.00am at the CBRE Canberra Office
For more further information or to arrange an inspection please contact the exclusive agents of CBRE.
Approx*

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Price: FOR SALE VIA AUCTION    Building: 254m²

SUBURB PRICE GUIDE

Suburb Summary - Greenway, ACT 2900

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $4888 $289 5.92%
Retail $4138 $327 7.90%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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