Essential Service Medical Investment – Stamp Duty Exempt

Burgess Rawson are delighted to offer for Sale by Auction this superb investment leased to an Essential Service Medical Provider, Sound CBR on a new 10 year NET Lease.

174-176/44-46 Macquarie Street is part of the Governor Place Development in the busy Government and Corporate Office precinct of Barton.

Barton is one of Canberra’s most densely populated working precincts. There is over 320,000 sqm of office buildings to a workforce population of approximately 25,000 people with approximately 67% government workforce.

Governor Place is a mixed-use complex developed as a joint venture between Doma Group and Morris Property Group, two of Canberra’s finest developers. The complex contains 171 residential apartments and 5 ground floor commercial tenancies. 44-46 Macquarie Street is only meters away from large Government departments such as the Australian Department of Foreign Affairs and Trade, Department of Human Services, Department of Finance, Australian Government Attorney-General’s Department as well as industry associations, accountancy and legal firms supporting numerous 5 Star Hotels including the Realm Hotel Precinct and Parliament House.

Sound CBR is an experienced Physiotherapy operator (10 plus years in the industry) and focus on the specialised field of Women’s Health and Pelvic Floor Physiotherapy. In addition Sound CBR offer prenatal and postnatal Pilates, bringing a new concept of female wellness to Canberra.

This exceptional asset provides a long-term investment for any keen investor.

Highlights Include:
– Stamp Duty Exempt
– 10-year NET lease plus options to 2056
– 3.25% Fixed Annual Rental Increases
– Total Area: 169 sqm
– Major Australian Government workforce precinct (approx. 25,000 workers daily)
– Near new asset with depreciation benefits

Lessee: Sound Health CBR Pty Ltd
Lease Term: 10 Years
Lease Commencement: 27th April 2021
Lease Expiry: 26th April 2031
Options: 5 x 5 years

Net Income: $92,950 pa + GST