Situated in the Kingston Foreshore, Kingsborough Powerhouse is located on the corner of Dawes Street and The Causeway. Unit 4 addresses to Dawes Street. Kingsborough is close to the action but in a unique world of its own.

Unit 4 in the Powerhouse building has a ground floor address plus a lower ground floor space that can be used as garage space for up to 2 cars or used as an extension of your tenancy as the current tenant has adopted it.

Unit 4 is 123sqm over 2 levels plus 3 external courtyard spaces.

The property is leased to Tribe on a new 5 year term. Tribe is a highly regarded and well established hair salon recently relocated from the Narrabundah shops. There lease is for a 5 year term from 1 October 2022.

Annual Rent: $52,142.86 + GST (with 4.0% annual reviews and a market review at the option).

Lessee pays General Rates and Water & Sewerage Rates.

The Lessor pays strata fees (Currently) $4,513.20 pa.

The resultant net rent to the Lessor is currently $47,629.66 pa + GST.

The sale of this commercial property will be free GST and Stamp Duty (sale price under the threshold).

This property is currently commercial but has a purpose clause that allows it to be residential.

Kingsborough village is an emerging community precinct in eclectic Kingston. It’s inspired by the modern lifestyles of the people who live and work there and the area’s unique history.

Other commercial business at Kingsborough can be viewed via https://kingsborough.com.au/commercial/

Call Alex Smith today to make a time to see the village and this investment opportunity.

All inspections must be booked in advance. Inspections can be done on Monday and Tuesday's or before 9:00am on Wednesday's, Thursday's or Friday's each week.