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Mode3 122 /24 Lonsdale Street Braddon

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Investment Opportunity Leased to Sellick Consultants

&#xD&#xD Laing+Simmons is proud offering a blue-chip commercial office investment in the heart of Braddon, ACT.

This investment opportunity is located at Mode3, 24 Lonsdale Street Braddon, a modern mixed use development surrounded by an abundance of café’s, bars, eateries and retail shops.

Lonsdale Street Braddon combines lifestyle, business and retail all in one.

In addition to these services right on your doorstep, Lonsdale Street leads you straight into Bunda Street and the Canberra Centre.

The key aspects of this investment opportunity are:

1. The property is Leased to Sellick Consultants, a local business who have been operating since 1965 and are one Canberra's longest standing and most respected engineering firms.
2. The Lessee pays a rent of $240,000 excluding GST plus all strata levies, general rates, water & sewerage rates and water consumption.
3. The Lessee pays a net rent commencing at $240,000 per annum + GST with annual CPI increases.
4. There are approximately 8.5 years left on the current lease term which expires January 2028 plus 1 x 5 year option.
5. The Lessee enjoys the benefit of having 20 car spaces which is a higher allocation of parking than most properties in the area.
6. The building has the best visitor parking offer in Lonsdale Street Braddon.
7. The Lessee has invested in a high quality fitout.

Please contact Alex Smith on 0409 007 649 for further information or to book an inspection.

Tenders are due on Wednesday 17 July 2019

Investment Opportunity Leased to Sellick Consultants

&#xD&#xD Laing+Simmons is proud offering a blue-chip commercial office investment in the heart of Braddon, ACT.

This investment opportunity is located at Mode3, 24 Lonsdale Street Braddon, a modern mixed use development surrounded by an abundance of café’s, bars, eateries and retail shops.

Lonsdale Street Braddon combines lifestyle, business and retail all in one.

In addition to these services right on your doorstep, Lonsdale Street leads you straight into Bunda Street and the Canberra Centre.

The key aspects of this investment opportunity are:

1. The property is Leased to Sellick Consultants, a local business who have been operating since 1965 and are one Canberra's longest standing and most respected engineering firms.
2. The Lessee pays a rent of $240,000 excluding GST plus all strata levies, general rates, water & sewerage rates and water consumption.
3. The Lessee pays a net rent commencing at $240,000 per annum + GST with annual CPI increases.
4. There are approximately 8.5 years left on the current lease term which expires January 2028 plus 1 x 5 year option.
5. The Lessee enjoys the benefit of having 20 car spaces which is a higher allocation of parking than most properties in the area.
6. The building has the best visitor parking offer in Lonsdale Street Braddon.
7. The Lessee has invested in a high quality fitout.

Please contact Alex Smith on 0409 007 649 for further information or to book an inspection.

Tenders are due on Wednesday 17 July 2019

Tender closing Wednesday 17 July 2019

Offices
20
Parking

Office & Agent

Laing+Simmons Commercial (Canberra)
02 6209 5050
Alex Smith
0262095050
0409 007 649
Property ID
0000410949
Building Size (approx)
551 sqm

Documents + Links

Information Memorandum

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