Garema Place is a prime position within the heart of Canberra City Centre and arguably the busiest section of the CBD, being particularly popular for eating, drinking, shopping and entertainment. The Canberra Centre, a three-storey shopping complex is a stones throw away which boasts anchor tenants such as Myer, Big W and Target.
The ACT Government regularly coordinates community events in Garema Place including the Multicultural Festival, Skate in the City, the World Curry Festival, and New Year's Eve in the City. Each of these events alone brings thousands of people to Garema Place each year.
25 Garema Place is 139sqm* regular shaped block comprising a two-storey commercial building with each level having its own entrance via Garema Place. The property benefits from an awning over the outdoor pedestrianised area and rear loading. The property is currently fitted out as a drink establishment on the ground floor and a hair studio on the upper floor.
- Located in the heart of Canberra CBD
- 100% leased to two tenants
- Ground floor tenant: Playground Bar
- First floor tenant: Anton's Hair Studio
- WALE: 5.5 years*
- Passing Net Income $103,170pa*
- Recent upgrades to building
- Solid commercial investment opportunity
Auction: 11am, Thursday 4th August
CBRE Canberra, Level 12, 14 Moore Street, Canberra City
*Approx.