7/4 Riley Place,
Ngunnawal, ACT 2913

Burgess Rawson are delighted to offer for Sale by Expression of Interest this long term investment leased to Ellena Takeaway & Pizza Bar, in operation for 25 + years and have a new 10 year Net Lease.

Your chance to purchase this investment in the heart of this popular Gungahlin area.

Unit 7/4 Riley Place Ngunnawal is in an excellent location next to the IGA supermarket with high visibility. It is located directly next to Mirrabei Drive between Casey and Gungahlin Town Centre.

The Platypus local shopping centre includes IGA supermarket, takeaway cafe and Mirchi Indian Restaurant. There is good foot traffic throughout the day and into the evening for all businesses in this shopping centre. Adjacent to the shops there is a kids' play area and public parking for customers.

Gungahlin is Australia's second fastest growing region with a population of over 70,000 and a median age of 31.

This is a exceptional long-term investment for any keen investor.

Highlights Include:

* 10-year lease plus options to 2039
* 3% fixed annual rental increases
* Total Area: 101 sqm
* Located close to Gungahlin Town Centre
* Potential depreciation benefits
* Stamp Duty exempt

Lessee: Ellena Takeaway & Pizza Bar
Lease Term: 10 Years
Lease Commencement: 1st October 2020
Lease Expiry: 30th September 2030
Lessee pays $15,000 in outgoings (capped)
Options: 2 x 5 years

Net Income: $42,000 pa + GST

Expressions of interest offers closing 4pm AEST Wednesday 15th Septemnber.
(Unless Sold Prior)

For further information or to arrange an inspection please contact Steve Burke on 0428 434 4....