124/10 Thynne StreetBruce ACT 2617
Property Details for 124/10 Thynne St, Bruce
Last Listing description (December 2016)
Unit 124/10 Thynne Street comprises of a free standing building of approximately 220 sqm under roof line with an adjoining external deck of approximately 95 sqm that was constructed in approximately 1995. The property has always housed the successful Cafe Momo business, has never been vacant and provides one of the rare purpose built restaurant/cafe premises in the suburb of Bruce. In addition to the premises there are additional unit subsidiaries that provide twelve car parks and a loading/waste area.
A variation to the lease has been executed which has had the effect of the tenant exercising their five year option 12 months early, which means a new 6 year lease commenced on 1/6/2016 and will now expire on the 31/05/2022 with a further five year option. The estimated net income is $76,512 per annum plus GST, the rent is fixed for the first 2 years and then 3% annual increases and the tenant has provided a bank guarnatee as security.
Property History for 124/10 Thynne St, Bruce, ACT 2617
- 14 Oct 2016Listed for Sale $1,100,000 GST EXEMPT
- 03 Jun 2015Listed for Sale $1,100,000 EX GST
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About Bruce 2617
The size of Bruce is approximately 6.6 square kilometres. It has 11 parks covering nearly 36.7% of total area. The population of Bruce in 2016 was 6997 people. By 2021 the population was 7520 showing a population growth of 7.5% in the area during that time. The predominant age group in Bruce is 20-29 years. Households in Bruce are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bruce work in a professional occupation.In 2021, 46.60% of the homes in Bruce were owner-occupied compared with 39.60% in 2016.
Bruce has 3,445 properties. Over the last 5 years, Houses in Bruce have seen a 18.10% increase in median value, while Units have seen a 25.60% increase. As at 31 March 2026:
- The median value for Houses in Bruce is $1,155,457 while the median value for Units is $591,433.
- Houses have a median rent of $780 while Units have a median rent of $575.
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