141/2 Akuna Street, City, ACT 2601

Raine & Horne Commercial are pleased to offer this newly leased tenanted investment for sale located within a popular Canberra CBD retail arcade.

• 38sqm ground floor commercial unit

• Clean and tidy open plan tenancy with high ceilings

• Fit-out comprising carpet tiles, plasterboard walls, grid ceiling & ducted air conditioning

• Kitchen with dishwasher & space for fridge

• Ability to remove the partitions to open up the space

• Common toilet facilities with key access

• No stamp duty or GST payable (supply of going concern)

The property has recently been leased on the following terms:

• Tenant: Hellfish Pty Ltd (trading as Gather Catering Kitchen)

• Lease Commencement: 1st November 2023

• Lease Expiry: 7th March 2027

• Option Period: 5 years

• Commencing Rent: $22,000pa +GST (gross)

• Rent Reviews: Fixed at 4% annually (including at exercise of option)

• 1st rent Review: 8th March 2024

• Security: 3-Month Bank Guarantee & Director's Guarantee

Approximate Outgoings:

• Rates: $4,220

• Strata: $3,404

• Water: $702

• TOTAL: $8,327

Approximate Net Income (as at 8th March 2024): $14,553pa +GST

This property is offered for sale at $225,000 (equating to an approx net return of 6.5%).

For further information, or to arrange an inspection, please contact Mark Nicholls of Raine & Horne Commercial on 0417 239 551.