126/24 Lonsdale StreetBraddon ACT 2612
Property Details for 126/24 Lonsdale St, Braddon
Last Listing description (October 2023)
Burgess Rawson are delighted to exclusively offer to the market this exceptional investment leased to the award winning Sellick Consultants at 122 & 126/24 Lonsdale Street (Mode 3) Braddon.
Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra's best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.
Mode3, completed in 2012, developed and built by Construction Control (also reside in the building) is a premium grade development combining lifestyle, business and retail areas.
Highlights Include:
- 10 year net lease plus options to 2038
- Same location for last 10 years
- Tenant pays all outgoings
- Total Area: 551sqm
- Potential stamp duty saving up to $85,000 (subject to solicitor advice)
- Proven operator with 58 + years in business
- No land tax payable
- 20 basement car spaces on title
- Busy retail, office, residential and hospitality precinct
- Zoning: CZ3 Services Zone
Lessee: Sellick Consultants Pty Ltd
Lease Term: 10 Years
Lease Commencement: 15th Jan 2013
Exercise of second option: 15th Jan 2023
Lease Expiry: 14th June 2033
Further options: 1 x 5 Year
Net Income: $268,047 pa + GST
Price: $4,120,000, circa 6.5% Net Yield
For further information or to arrange an inspection please contact James Baker, 0421 863 040 or Guy Randell, 0430 272 999
Property History for 126/24 Lonsdale St, Braddon, ACT 2612
- 05 Apr 2023Listed for Sale $4,120,000 - circa 6.5% Net Yield
- 22 Apr 2017Listed for Sale Not Disclosed
- 04 Aug 2011Sold for $1,094,255
Recent sales nearby
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About Braddon 2612
The size of Braddon is approximately 1.5 square kilometres. It has 5 parks covering nearly 15.2% of total area. The population of Braddon in 2016 was 5500 people. By 2021 the population was 6383 showing a population growth of 16.0% in the area during that time. The predominant age group in Braddon is 20-29 years. Households in Braddon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Braddon work in a professional occupation.In 2021, 38.10% of the homes in Braddon were owner-occupied compared with 29.20% in 2016.
Braddon has 6,095 properties. Over the last 5 years, Houses in Braddon have seen a 46.53% increase in median value, while Units have seen a 14.97% increase. As at 31 March 2026:
- The median value for Houses in Braddon is $1,526,599 while the median value for Units is $524,355.
- Houses have a median rent of $530 while Units have a median rent of $600.
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