158/45 Eastlake Parade,
Kingston, ACT 2604
Key property information
SYDNEY, NSW 2000
Map of 158/45 Eastlake Parade
Train stations within 5 km of 158/45 Eastlake Parade, Kingston, ACT 2604 Distance Canberra Railway Station 648 mPOWERED BY HERE © Bus stops within 5 km of 158/45 Eastlake Parade, Kingston, ACT 2604 Distance Wentworth Av After Giles St 190 m Eyre St After Howitt St 339 m Wentworth Av Opp Old Bus Depot Markets 363 m Wentworth Av Before Dawes St 376 m Wentworth Av After Dawes St 392 mPOWERED BY HERE ©
Long Term Business in Premium Waterfront Precinct
- 10 Year Net Lease
- Extensive Fitout Works
- Fixed 3% Annual Increases
Burgess Rawson are delighted to exclusively offer for Sale by Auction this exceptional investment leased to the well known Top Cat Dry Cleaning on a 10 year Net lease.
158/45 Eastlake Parade is part of the Element Development in the ever popular retail and residential Waterfront precinct of Kingston Foreshore.
Kingston is one of the oldest and most densely populated suburbs in the nation's capital, is located a mere 4kms from Canberra's CBD, and is in close proximity to various hotels and attractions. Recently Kingston has undergone a vast amount of redevelopment with the likes of the Kingsborough Development being completed and the Kingston Arts Precinct yet to come.
Element; Developed by the notable Englobo Group, brings a mix of water front, and street side commercial tenancies as well 140 residential apartments to the shores of Lake Burley Griffin.
This exceptional asset provides a long-term investment for any keen investor.
- 10-year lease plus 2 x 10 year options to 2051
- 3% Fixed Annual Increases
- Tenant pays 100% of outgoings
- Total Area: 164 sqm
- Busy retail and residential Waterfront precinct
- Over $700,000 in fitout costs
- Zoning: CZ5 Mixed Use
Lessee: Hameed's Family Services Pty Ltd
Lease Term: 10 Years
Lease Commencement: 9th May 2021
Lease Expiry: 8th May 2031
Options: 2 x 10 Years
Net Income: $114,400 pa + GST
Property ID: 503831806Last Updated: 14 Jun 2021
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