Rare Waterfront Office Investment with New 10 Year Lease

153/41 eastlake parade, kingston

Price: $1,400,000

Property Details

New 10 year lease expiring November 2026 plus 5 year option to 2031
Leased to Chase Group: one of Canberra's leading construction and development companies specialising in a variety of build types, with over $250 million worth in current projects
Prestigious 202 sqm open plan office plus two car spaces on title
Impressive internal fit out costing over $240,000 with custom made joinery, two boardrooms, private office, kitchen, staff bathrooms and printing/storage room
Part of the award winning "Element" building, developed by Chase Group, comprising restaurants, cafes, retail, office and residential
Building only 1 year old with depreciation benefits available
Waterfront location overlooking the Kingston Foreshore
Easily managed single tenant investment
Tenant pays all increases in outgoings, as per lease
Attractive 4% annual rent increases
Net income: $100,858 pa + GST

Featured Details

Gross Building Area 202 sqm
Outgoings 9192
Rent Period Annually
Features Air Conditioning;Car Parking - Basement;Kitchenette;Toilet Facilities;Security Access;City Views;Lift Installed;Openable Windows

Property Enquiry

Regarding Property ID: 6P0070

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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