National Tenant in Major ACT Town Centre – Stamp Duty Exempt* Circa 7% Yield
3/46 Botany St, Phillip ACT
Leased to Trek Bicycle Corporation Australia to 31 March 2021 with options to 2026:
Trek Bikes: One of World’s leading bicycle manufacturers with an annual revenue of $1.7bn** and over 140 stores Australia wide owned or affiliated
Located in Large Format and Lifestyle precinct with 118 common car parks and large 11,058 sqm Land area.
Trek occupies a 250 sqm building with exceptional signage and direct frontage onto Botany St.
Tenants in the precinct include KFC, Dan Murphy’s, Subway, Pet Barn, Ali Baba, Salvation Army, Wok It Up and Independent Property Group within close proximity to Westfield Woden.
Phillip (Woden): Major ACT satellite city servicing over 50,000 residents in the Woden Valley and Weston Creek region
Woden Town Centre has significant new development over the next 2 years with over 2000 new residences, Westfield Woden expansion and Stage 2 of Light Rail recently announced with aims to increase population density in the direct town centre.
CPI + 1% annual rental increases guaranteeing growth (3.5% in 2019)
Tenant to pay half of building outgoings
Property sold stamp duty exempt*
Net income: $87,954 pa + GST
For Sale Via Deadline Private Treaty Offers Closing 4 April 2019 Unless Sold Prior
*As per ACT stamp duty exemption, properties under $1.5m – effective 6 June 2018