9 Lawry Place

Macquarie ACT 2614

PROPERTY DESCRIPTION:

The property is a approx. 394sqm, single-level and separately titled commercial building benefitting from approx. 17m of frontage to both Lawry Place to the front and Wiseman Street to the rear. The property sits on a 588sqm rectangular-shaped block comprising 6 on-grade carparks accessed from the rear and ample street parking to the front.

The premises boasts a versatile fitout which is currently used as a medical facility comprising a light and airy reception / waiting area including a children's play area with a large staff office situated directly behind, 11 separate consultancy rooms currently used for consulting, procedure and pathology, all with glazing to the front bringing in plenty of natural light whilst retaining privacy for patients, a large staff kitchen/lunch room plus additional storage areas with lockers, 2 staff toilets and DDA complaint patient toilet. The fitout largely comprises grid ceiling with ducted air conditioning and heating with a mixture of carpet tiles and medical-grade flooring. The property also benefits from solar on the roof.

LEASE PROFILE:

• Tenant: Yerrabi Yurwang Child & Family Aboriginal Corporation
• Commencement: 1 June 2024
• Expiry: 31 May 2027 (3 year initial term)
• Options: 3 years (expiring 31 May 2030)
• Commencing Rent: $140,000pa +GST
• Rent Review Structure: 4% annual increases with market rent review at option
• Outgoings: Tenant's pays 100% (Net Lease)
• Security: Bank guarantee of 3 months' rent +GST

TENANT PROFILE:

Yerrabi Yurwang Child & Family Aboriginal Corporation is a Government and Medicare-funded AMS (Aboriginal and Torres Strait Islander Medical Service) offering GP services as well as child, youth, family and healthy living programs, funded principally to provide services to First Nations peoples. Yerrabi Yurwang Child & Family Aboriginal Corporation delivers holistic, comprehensive, and culturally appropriate healthcare to the community whilst providing advice on matters relating to improving the health and social and emotional wellbeing of the Aboriginal and/or Torres Strait Islander community in the region.

KEY FEATURES:

• Well located within Jamison Group Centre, Macquarie ACT
• Approx. 8km from Canberra CBD & 1.5km from Belconnen Town Centre
• Single Titled Property of approx. 394sqm with solar on the roof
• 588sqm block with 6 on-grade carparks and 17m frontage
• Versatile fitout currently used as a medical facility
• Brand new 3+3 year NET lease in place to Yerrabi Yurwang Child & Family Aboriginal Corporation
• Passing net income of $140,000pa +GST with 4% annual increases

FURTHER INFORMATION:

9 Lawry Place, Macquarie ACT for sale by Expression of Interest closing Wednesday 23rd October 2024.
For more information or to schedule an inspection reach out to the exclusive agents at Raine & Horne Commercial Canberra.