Mitchell Business Centre, Unit 6, 160 Lysaght Street, Mitchell, ACT 2911
- Sold $800,000
- Fri 04-Jan-13
- Floor Area
- 960 m²
- Tenure Type
- Tenanted Investment
- Last Updated
- Oct 06, 2016
Interested in this property? Contact an Agent today
INVESTMENT - 5 year lease to Commonwealth Tenant!
CBRE offer for sale this ground floor industrial unit in North Canberra's fastest growing Industrial suburb, Mitchell. Prominently located on the corner of Lysaght and Hoskins Street, Mitchell Business Centre is a strata titled commercial centre built in circa 1991 and houses a range of occupiers.
Unit 6 is fully air conditioned (recently upgraded) with power, telephone and data outlets installed. The unit comprises an open plan area with office/staff amenities and 2 WCs. The unit boasts vast window space facing Hoskins Street plus fabulous internal atrium filling the centre of the building with natural light.
The unit is leased to The National Film & Sound Archive. This Commonwealth tenant has been in occupation of the premises since 1992. The lease recently expired and they have agreed a renewal on the following terms:
Lease Commencement - 15 December 2011
Lease Term - 5 years
Current Gross Rent - $110,400 +GST per annum
Rent Reviews - 3.5% per annum
For further information or to arrange an inspection, please contact the agent from CBRE.