Raine & Horne Commercial Canberra are pleased to exclusively offer 1/100 Northbourne Avenue, Braddon for sale by negotiation.

Located on the city fringe of Canberra, Braddon has recently undergone a notable renaissance and has fast become a bustling social hub filled with cafes, bars, restaurants, retail, hotels, residential apartments and professional services. 100 Northbourne Avenue is located close to public transport with several bus routes and bike paths at its doorstep and within a stone throw from the Elouera Street light rail stop connecting Canberra CBD, Dickson and Gungahlin.

The building has recently been repositioned from a serviced apartment complex (previously known as Pacific Suites) into a 153-unit strata-titled development known as 'CENTO' and will benefit from substantial internal common area and external façade upgrades.

Unit 1 is one of three commercial tenancies in the building and located on the north western corner of the ground floor boasting a wide frontage to Northbourne Avenue. The unit measures approx. 373sqm, has 5 allocated carparks on title and an existing fitout including a commercial kitchen, ducted air conditioning and male, female and disabled toilets.

The unit boast a huge corne frontage fronting an outdoor area on both sides via 5 external doors making it possible to subdivide into smaller tenancies and lease out separately.

The unit is currently leased to a culinary training school expiring on 30th November 2024 and does not include an option for renewal, therefore providing an opportunity to substantially increase the rent upon lease renewal, or alternatively move your own business into the premises upon lease expiry.

The Crown Lease permits a wide range of commercial uses including, but not limited to, personal services, drink establishment, restaurant, office and medical / health facility.

For further information or to arrange a private inspection, please contact the exclusive agent; Mark Nicholls of Raine & Horne Commercial Canberra on 0417 239 5....