Scored a Rare Retail Treasure Right in Canberra’s Business District's Epicenter

The Details

Location: Canberra, ACT

Type: Commercial

Purchase Price: $793,000

Net Rent: $47,630+ GST + OUTGOINGS

Net Yield: 6.01%

Cashflow: $9,642 (70% loan at 6.5% interest rater)

Lease: 5 year lease with one x 5 year renewal option

Total area: Approx. 123sqm

7 minute drive from Parliament house

Rare opportunity to invest in a high-quality property

Great exposure from traffic passing bay as well as foot traffic from multiple residential unit developments in close proximity

Near new property with huge depreciation benefits

Located within a suburb with a large proportion of high income earners