Stamp Duty Free – Legal Powerhouse

Burgess Rawson is pleased to present this exceptional Stamp Duty Free investment opportunity exclusively available in the market, with a lease secured by Velocity Conveyancing – Inner North in the new DKSN precinct.

Velocity Conveyancing, established in 1968, is a team of committed legal professionals dedicated to delivering top-notch guidance and service in the realm of residential conveyancing. With multiple office over 12 locations and a network of lawyers and conveyancers, they are well-equipped to serve clients in conveyancing matters across the regions of the Australian Capital Territory (ACT), New South Wales (NSW), and Victoria.

The newly completed DKSN 2.0 precinct, developed and constructed by DOMA-Englobo, represents a top-tier development that seamlessly integrates lifestyle, business, and retail spaces. The DKSN precinct is a dynamic hub, encompassing a wide range of high-level businesses, over 700 residents, numerous retail and food establishments, medical centers, a Club Lime gym, a supermarket, and an array of forthcoming additions.

Dickson is a vibrant and lively suburb nestled in the heart of the Australian Capital Territory (ACT). Just a stone’s throw away from Canberra’s city centre, Dickson offers residents a perfect blend of convenience, community, and cultural diversity. As a vibrant residential area, Dickson boasts a range of housing options to suit different lifestyles. Whether you’re looking for a spacious detached house, a cozy townhouse, or a modern apartment, you’ll find a home that suits your needs in this diverse suburb. At the heart of Dickson lies the bustling Dickson Shopping Centre, a vibrant hub of activity. Here, you’ll discover a treasure trove of shops, boutiques, supermarkets, and specialty stores, catering to all your retail needs. When hunger strikes, the centre’s array of cafes, restaurants, and eateries will tantalize your taste buds with a variety of cuisines, from local delights to international flavours.

Transportation is a breeze in Dickson, with an extensive network of buses as well as the Light Rail connecting you to Canberra’s major attractions and neighbouring suburbs. Whether you work in the city or wish to explore the wider region, you’ll have easy access to everything Canberra has to offer. Dickson, ACT, is more than just a suburb—it’s a vibrant community that embraces the best of city living while cherishing its unique character. Experience the convenience, culture, and camaraderie that define this welcoming suburb, and discover a place you’ll be proud to call home.

Highlights:
– Stamp Duty Free
– National tenant with 12 offices nationally
– 48sqm with 11sqm exclusive outdoor dining
– 1 Tenant Carpark and storage container in Basement
– 7 year net lease with further options to 2041
– Handle 33% of all residential transactions state wide (ACT)
– CZ5: MIXED USE
– Brand new in award winning precinct mixed use precinct
– Tenant pays 100% outgoings, as per lease
– Fixed 4% increases

Lessee: Velocity Conveyancing – Inner North
Lease Term: 7 years
Lease Commencement: 1 March 2023
Lease Expiry: 28 February 2030
Further Options: 5 years – 1 March 2030 until 28 February 2035 plus 6 years – 1 March 2035 until 28 February 2041
Increases: 4% Fixed per annum

Net Income: $42,500 per annum

To be sold by Investment Portfolio Auction
10:30 am AEST Tuesday 5 December 2023
Sydney Opera House

For more information please call Guy Randell on 0430 272 999 or James Baker on 0403 580 528.