Opportunity to Purchase Ground Floor Unit in The Expanding Area Of Gungahlin
2/162 Flemington, Harrison ACT
$100,000 in Capital Works Completed
Located Near The New Light Rail Stop
Opportunity To Split Into Two Units
This brand new ground floor unit is part of the mixed use development of commercial & residential units at Hudson Square.
Suitable uses include restaurant/takeaway/retail/office & supermarket and located near the light rail stop on Flemington Road, Harrison.
This unit is in close proximity to the Harrison Primary School, Time Square and the new Woolworth’s shopping complex.
Other professional tenancies nearby including a real estate agency, psychologist, hairdresser, cafe, gym and is approximately 2 km to Gungahlin Town Centre and 10 km to the Canberra CBD
The unit is 235 sqm and can be potentially split into two units of approximately 100 sqm & 135 sqm if needed. It includes a disabled toilet, disabled access as well as a total of four secure car spaces. This allows a savey owner to occupy part of the unit and lease the other section to increase income and to offset their own expenses.
Over $100,000 in capital costs have been undertaken including a commercial exhaust hood and riser, a grease trap and reverse cycle air-conditioning. There is a great opportunity for food users to utilise the outside seating area for their customers with the allocated outdoor area included in the tenancy and north east facing aspect with good natural light.
Potential rent is from $40,000 to $94,000 per annum plus GST, depending on area.
Purchase Price is $990,000 plus GST.
Note, There is no stamp duty payable on commercial purchasers under $1.5 million including GST in the ACT.