Lake side with many upsides

Here’s an investment that could be perfect for mum-and-dad investors or a self-managed super fund.

It’s a 111-square-metre, level one office space in Vanzwan House that sits on the banks of picturesque Lake Ginninderra in Belconnen, a hop, skip and jump from the town centre.

The space is leased to a national conveyancing firm, Velocity Conveyancing, with a lease term and options extending to 2038. The firm is well-known across Canberra, with eight offices and more than 55 years of continuous trading.

Other long-established occupants include Vanzwan Accounting Plus, Wallbeds Australia and Canberra Granny Flat Builders.

The space is light-filled, and its attractiveness is underscored by panoramic views and proximity to a range of hospitality and retail options including Lighthouse Pub, it’ll be hard not to head over for a chicken schnitty for lunch.

James Baker of Burgess Rawson Canberra says the property delivers many benefits to a potential buyer. “It is priced well under the stamp duty threshold and land tax is not applicable on this investment in the ACT,” he says.

“In addition, it offers a net return of around 6 per cent per annum and there is a provision for annual rent increases of 4 per cent.”

The current net income is $41,600 a year plus GST. Baker says this compares highly favourably against, say, a net residential rental return on a two-bed, two-bath apartment in the same area.

Auction: 10.30am, February 21 Agent: Burgess Rawson Canberra, James Baker 0421 863 040