Fully Leased Retail and Government Investment

21-25 monaro street, queanbeyan

Price: $2,500,000

Property Details

Dominant retail and professional premises leased to Commonwealth Government, Medical and Legal tenants
Recently refurbished building on 1,416 sqm land parcel
Prominent main street exposure
Recent upgrades to the tenancy fit outs from 2012, in excess of $500,000
Facelift of public areas completed early 2016
Centrally located close to Coles and other retail and community services
Includes 8 car spaces on title plus abundant public parking at rear of building
Attractive 3% annual increases (with net income approx. $260,497 in 2020)
Net income $231,449 pa + GST
Recent upgrades to the facade, tenancies and arcade corridor have made Focal Point Arcade one of Queanbeyan's most sought after professional services precincts. Two tenancies have recently taken over additional space. The Australian Government has leased their premises since 2012, and the recent election saw the newly elected Member for Eden-Monaro move into the building for another 4 year term in Parliament.

Featured Details

Gross Building Area 1 sqm
Land Size 1,416 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: 6P0056

Thank you for showing interest in us.

Contact Details

Office Details

Unit 152, Level 1, 41 Eastlake Parade, Kingston ACT 2604

T 02 6152 9113 E canberra@burgessrawson.com.au

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