Superb Entry Level CBD Investment – Stamp Duty Free

Burgess Rawson are delighted to exclusively offer for Sale by Auction this rare CBD tenanted investment leased to the long established Canberra Day Spa.

142-144/2 Akuna Street is part of the well known Nesuto Apartment Hotel Complex (formally Waldorf services apartments) on the busy of corner of London Circuit and Akuna Street in Canberra’s CBD.

Nesuto Apartment Hotel complex completed in the year 2000 consisting of 150 units is an established iconic building immersed in a key location within Canberra’s CBD.

Canberra Day Spa is one of the ACT’s premier day spas using the latest technology to provide a full in spa experience, specialising in skin and body care and microdermabrasion.

Opposite the recently completed $300 million dollar Constitution Place development, surrounded by high density residential apartments and a large Government, and corporate office workforce this stamp duty free asset provides a long term, affordable investment for any astute investor.

Highlights Include:
– Stamp Duty Free
– 10 Year Lease
– Irreplaceable location
– Total Area: 169sqm
– Long Established Tenant
– Immersed in the busy retail, office, residential and hotel precinct in Canberra’s CBD
– Zoning: CZ1 Core Zone

Lessee: Canberra Beauty Pty Ltd
Lease Term: 10 years
Options: 1 x 5 years
Lease Commencement: 1st July 2017
Lease Expiry: 30th June 2027

Net Income: $83,128.75 + GST

For Sale by Auction
Tuesday 22 February 10.30am (AEDT)
Yallamundi Rooms, Sydney Opera House