Grand Central Towers, 15 Bowes Street,
Phillip, ACT 2606
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Sentia Real Estate - GRIFFITH
Lvl 1/14 Barker StreetGRIFFITH, ACT 2603
04228376...
Grand Central Towers, 15 Bowes Street
Phillip, ACT 2606
Map of Grand Central Towers, 15 Bowes Street
INVESTMENT SALE - Zero stamp duty or GST!
- One of eleven boutique commercial units
- 430 apartments above
- Fantastic exposure corner tenancy
Exciting investment opportunity in Woden!
This tenancy is one of only eleven boutique commercial tenancies in the building, with 430 apartments above and shared toilet facilities.
It offers fantastic exposure, as it is a corner tenancy, and there is immense growth in this surrounding area over the next 20 years – ACT Governments Planning Strategy indicates Woden Valley will account for 8.35% of the entire ACT population by 2041.
CHP Investments Pty Ltd (tenant) currently own several other restaurants in Canberra, including Knot Just Pasta in Campbell and Chargrill Eatery & Pizza in Belconnen.
They have committed to a 12 + 5-year lease at Grand Central Towers on a net rent of $102,200 Per Annum (ex GST). The tenant pays all outgoings and incurs 3.25% annual increases.
The tenant has a rent-free period which will end on 15 June 2023 (6 months’ rent free from the lease commencement date). They have commenced an extensive fitout, which is estimated to cost in excess of $800,000 (ex GST) once completed.
Contact Chris Antos to submit a formal offer.
This tenancy is one of only eleven boutique commercial tenancies in the building, with 430 apartments above and shared toilet facilities.
It offers fantastic exposure, as it is a corner tenancy, and there is immense growth in this surrounding area over the next 20 years – ACT Governments Planning Strategy indicates Woden Valley will account for 8.35% of the entire ACT population by 2041.
CHP Investments Pty Ltd (tenant) currently own several other restaurants in Canberra, including Knot Just Pasta in Campbell and Chargrill Eatery & Pizza in Belconnen.
They have committed to a 12 + 5-year lease at Grand Central Towers on a net rent of $102,200 Per Annum (ex GST). The tenant pays all outgoings and incurs 3.25% annual increases.
The tenant has a rent-free period which will end on 15 June 2023 (6 months’ rent free from the lease commencement date). They have commenced an extensive fitout, which is estimated to cost in excess of $800,000 (ex GST) once completed.
Contact Chris Antos to submit a formal offer.
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Property ID: 504247080Last Updated: 14 Jun 2023
Sentia Real Estate - GRIFFITHLvl 1/14 Barker Street
GRIFFITH, ACT 2603
GRIFFITH, ACT 2603
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