Premium Kingston investment taken up a level

Thursday 7 December 2017

Written by Ray Sparvell, Good Fruit & Vegetables

Investors will like the prospect of buying a whole level in a premium A-grade Canberra building in Kingston, particularly when that purchase is backed by a solid 10-year lease.

Maxim Chartered Accountants have just recommitted themselves to level 2, 59 Wentworth Avenue, Kingston until November 2027 with two further five-year options until 2037.

The 940-square-metre strata title unit is further enhanced by its award-winning fitout that elevates it way beyond traditional office presentation.

“This is an absolutely cracking opportunity for an investor,” says Guy Randell, managing director of Burgess Rawson Canberra.

“The fitout is amazing, the building, designed by Terry Ring, is first class and the location couldn’t be bettered with its proximity to Kingston Foreshore and the parliamentary triangle.

“Add to that a highly regarded tenant and a 10-year lease with options and you have the hallmarks of a great investment,” Randell says.

There are two boardrooms, each seating up to 14 people. In addition, there are two meeting rooms.

The north facing kitchen is large, seating up to 12 people, and there’s a lounge area, walk-in pantry, and other facilities.

There are 24 allocated basement car parks, plus a lockable storage area.

L2, 59 Wentworth Avenue, Kingston

Net income $445,553 plus GST per annum

Agents: Guy Randell (0430 272 999) & Kate Mason (0419 843 300), Burgess Rawson

Auction: Tuesday, December 12, 11am, Doltone House, Hyde Park, 181 Elizabeth Street, Sydney

View the original article here.

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