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.
