G12, 61-65 Cooyong St,
Braddon, ACT 2612

Shops & Retail

Price information

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$895,000

Key property information

Floor area

Car spaces

Tenure type

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Map of G12, 61-65 Cooyong St

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Investment opportunity with 7.2% net return

Seize this rare opportunity to acquire a prime retail property in the heart of Braddon, situated within a renowned mixed-use development. This 69 sqm retail space boasts a remarkable 7.2% net yield, making it an exceptional investment for savvy buyers.

Property Highlights:

• High-Quality Tenant: Leased to a reputable spa massage service with a state-of-the-art fitout.
• Secure Investment: Current lease expiring May 2027 with 5 years options.
• Prime Location: Strategically positioned just across the street from Canberra's largest shopping centre, Canberra Centre, Located in a high-density living area, surrounded by a vibrant community of residents and businesses, enhancing the property's appeal and potential for growth.

5 year lease expiring May 2027 with further 5 years option.
Tenant pay 50% body corporate and 100% Council rate
Gross rent $67,273
Net Income: $64,757 pa exclusive of GST.
7.2% net return

Broad purpose clauses including Community Use, Indoor recreation, restaurant, shop and non-retail commercial.

This property offers the perfect blend of a solid investment with a premium location. Don't miss out on this unique chance to own a lucrative retail space in one of Canberra's most sought-after areas.