Town Centre Investment with 4% increases leased to National Group
G01/45 Furzer Street, Phillip ACT
Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional brand new tenanted investment to National Award Winning Group – DOMA Group.
45 Furzer Street is part of the Alexander and Albemarle Precinct in the Town Centre of the Woden Valley District and is near Westfield Shopping Centre in the epicentre of the whole Canberra Region
The Albemarle and Alexander buildings experienced a large development. Re-purposing the existing structure by the National Award-winning Doma Group who were able to take advantages of the environmental benefits when transforming the building. Constructed by BLOC the multi national award winning builder.
This exceptional new architecturally designed asset provides a long-term investment for any keen investor leased to multi award winning Doma Group for the Melrose display suite www.melrosewoden.com.au. Melrose is a large scale $250,000,000 long term development encompassing residential, commercial, office and retail in the heart of Canberra next to Westfield Shopping Centre.
The tenant pays for all repairs, maintenance and replacement of all items except air-conditioning, giving you long term peace of mind.
DOMA Group have over 40 years in residential, hotel and commercial development, creating homes, hotels and workplaces that put people at their core. Today, DOMA is one of the largest private developers in Australia, with a current project pipeline valued at over $1billion.
– Total Area: 217 sqm
– Internal: 164sqm
– External: 53sqm
– Canberra/Woden Town Centre location
– Brand new asset with depreciation available
– 12,500 people in the public sector within 100m radius
– 100m direct entry to Westfield Woden
– Zoning: CZ2 – Business Zone
Lessee: 180 Phillip Residential Pty Limited
Lease Term: 5 years with 2 x 5 year options
Lease Commencement: 1st October 2021
Lease Expiry: 30 September 2026
Increases: 4% per annum
Net Income: $111,740pa + GST