122 Alinga Street, CANBERRA CITY ACT

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122 Alinga Street, CANBERRA CITY

On Market for Sale at $12,000,000

Floor Area 1198m²

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For Sale

Property Details

Property Type Retail

Floor 1198m²

Core Canberra CDB Long Term Leased Investment Asset

Highlights

  • Fully leased over $800,000* net p.a.
  • Tenants pay 100% of outgoings
  • WALE of 8.4* years

  • Savills and LJ Hooker Commercial Canberra are proud to present 122 Alinga Street, Canberra City. This is a compelling opportunity to acquire a secure, fully leased retail investment in the heart of the CBD.

    Located within the prominent Sydney Building, the property offers income stability underpinned by a diverse tenancy mix of well-established hospitality operators.

    Key investment highlights:
    • Fully leased retail investment generating over $824,764• net income per annum
    • Tenants pay 100% of outgoings ($208,821• per annum)
    • Weighted Average Lease Expiry (WALE) of 8.24• years
    • Anchored by Fun Time Pony, One22, Bada Bing Dining Club and Al’s Diner, all with full make good obligations at lease expiry
    • More than $5 million invested in recent capital upgrades - including new lift, electrical and mechanical systems
    • 1,198 sqm• Gross Floor Area across three levels
    • Prominent corner position fronting Alinga Street, near the City light rail terminal

    The property is For Sale at $12,000,000 ex GST as a going concern.

    For further information on this exclusive offering, or to arrange an inspection, please do not hesitate to contact the exclusive sales agents.

    • Approx.

    Property Brochures

    • EER 0
    • Property ID 480HXW

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    For Sale

    Property Details

    Property Type Retail

    Floor 1198m²

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    Greg Lyons

    Franchise Owner, Managing Director

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