10/114 Emu Bank

Belconnen ACT 2617

This is a great opportunity to purchase commercial property that is likely to show good capital growth in the short to medium term as well as provide a net return well in excess of what you would achieve from a residential investment. The rental levels on both units are very realistic and provide the opportunity for strong rental growth as the Belconnen Town Centre population is set to increase significantly in teh coming years as result of the large amount of high density development currently being being undertaken.
The Boardwalk is a strata titled retail development comprising 13 units in total, with 6 units fronting Emu Bank and 7 Units fronting Lake Ginninderra. The development is split level providing the units facing lake Ginninderra with a mezzanine level, whilst the units fronting Emu Bank are single level. There is a basement car park providing 85 car parks, a loading dock with a rear access corridor to each unit and lift servicing all levels of the development.
Units 10 and 11 are being offered for sale together with 69 basement car spaces. Both units are leased on 5 + 5 year leases with fixed increases and 67 of the basement car parks are managed by Wilson Parking on a 5 + 5 year Management Agreement. The estimated net annual income from both units is circa $110,000 pa plus GST.