SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Premium Investment, Canberra’s Inner South – Stamp Duty Exempt*

16 Iluka, Narrabundah ACT

Property Highlights

Stamp Duty Exempt

Single Title Building

Net Income: $89,434 + GST

Description

New 4 year lease until 30 June 2022 + Options to 2028
Leased to XO Restaurant – Nominated by Gourmet Traveller as one of the best restaurants in Canberra 2018
223 sqm site located in the middle of the tightly held Narrabundah local centre precinct
Property is set over 2 levels with the restaurant on the ground floor and office storage space on the first floor
Narrabundah: Prestigious inner south suburb of Canberra, just 2.5km to Parliament House and 3.6km to the airport
Attractive fixed 3.5% rental increases
Tenant pays increases in outgoings over base year
Net income: $89,434 + GST

For Sale via Deadline Private Treaty, Offer Closing 08/11/2018 Unless Sold Prior

*As per ACT stamp duty exemption, properties under $1.5m – effective 6 June 2018

Property Details

Listing
Sale
Land Size
223 SQM
Gross Building Area
406 SQM

Contact Agents

Mitchell Frail

0429 103 979

Steve Burke

0428 434 464

Request Information

Stay up to date with our latest portfolio auctions & insights