Premium A-Grade Office Investment

Level 2, 59 Wentworth Avenue, Kingston ACT

Property Highlights

New 10 Year Lease, 4% Rent Increases
Award Winning Fit-Out
Quality Tenant: Chartered Accountants

Description

It is with great pleasure that Burgess Rawson brings to market the whole of Level 2 in this premium A-Grade office building.

Brand new 10 year lease from 1 November 2017, plus 2 x 5 year options to 2037.
The property is 100% leased to MAXIM Chartered Accountants.
MAXIM is a dynamic firm of chartered accountants and business advisors based in Canberra and Sydney, with over 20 years’ experience servicing high net wealth clients.
The building stands on a prominent 1,423 sqm corner site in the highly sought after suburb of Kingston, with arts and cultural attractions, waterfront dining precinct and many professional services.
Built by one of Canberra’s leading developers, Doma Group, designed by Terry Ring of Architects Ring and Associates, this mixed-use building features natural materials, rooftop terrace with water fountains and a half size basketball court.
High quality professional tenants and industry associations occupy the building including Archertec Interiors, Built, Federal Chamber of Automotive Industries and P2 Advisory.
Impressive 940 sqm state of the art award winning office fit-out with two boardrooms, three private meeting rooms, directors’ offices, large staff kitchen, open plan work space, large foyer, and bathrooms.
Designed specifically for the tenant’s business needs, the fit-out won the 2010 ACT Institute of Architects Award for Excellence in Building Awards, Commercial and Retail Fit-Out, Refurb or Alterations $1m – $3m.
24 allocated car spaces on-title for exclusive use by the tenants, with additional 23 on-grade public car parks available for clients.
Outstanding 4% annual rent increases.
Outgoings paid by the tenant over the base year ending 31 August 2018, as per lease.
Net income: $445,553 pa + GST ($634,160 in 2027)

Property Details

Listing
Sale
Occupancy Type
Office
Land Size
1,423 SQM
Building Area
940 SQM

Contact Agents

Guy Randell

+610 430 272999

Contact Me

James Baker

0421 863 040

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