Leading Tenant in Prestigious Inner South Location – Stamp Duty Exempt

6/35-39 Kennedy Street, Kingston ACT

Property Highlights

Stamp Duty Exempt
Busy inner-south destination
Award Winning Tenant
Register to Bid

Description

Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional investment leased to the leading Landscape Architecture Firm Redbox Design Group.

Unit 6 of 35-39 Kennedy Street, Kingston is a well presented 204 sqm tenancy on the first floor with a new architecturally designed quality fitout. Rectangular in shape includes a board room, two separate bathrooms, a kitchen, breakout area, printer room, storage and open plan workspace. There are skylights in the main workspace ensuring an abundance of natural light even on the gloomiest of days.

Redbox Design Group are a leading and award winning landscape architecture practice that has been established in Canberra for 15 years. Redbox Design Group are preferred for their independent design thinking and collaborative approach. The team of landscape architecture specialists share a commitment to conscientious design methods, site specificity and social equity. They are experienced in large government estate and playground designs and high end placemaking landscape architecture including Parliament House. Canberra’s leading Landscape Architecture Design Firm.

Kingston is one of the oldest and most densely populated suburbs in the exclusive inner south of the nation’s capital, is located a mere 4kms from Canberra’s CBD, and is in close proximity to Manuka Oval, Lake Burley Griffin and various hotels and attractions. Recently Kingston has undergone redevelopment with the likes of the Green Square Medical Centre, Atria Development and Abode Hotel developments being completed and the Kingston Arts Precinct yet to come.

Highlights Include:
– 5-year lease plus options to 2030
– 3.5% Fixed Annual Increases
– Total Area: 204 sqm
– Prestigious Inner South Location
– Stamp Duty Exempt (under $1,500,000 sale value)
– Zoning: CZ1

Lessee: Redbox Design Group Pty Ltd
Lease Term: 5 Years
Lease Commencement: 1st November 2020
Lease Expiry: 31st October 2025
Options: 1 x 5 Years

Net Income: $49,460 pa + GST

To be Sold by Auction on 3rd August 2021
Yallumundi Rooms, Sydney Opera House, Sydney NSW 2000

Property Details

Listing
Sale
Land Size
966 SQM
Building Area
204 SQM

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