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Knight Frank - Canberra
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Units 137, 138 & 142, 24 Lonsdale Street Braddon, ACT 2612

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For Sale - Expression of Interest

Units 137, 138 & 142, 24 Lonsdale Street
Braddon, ACT 2612

Offices
Sale Price

Expression Of Interest

Floor area

345.0m²

Car spaces

6

Parking info

6 Secure Basement Spaces

Property extent

Partial

Tenure type

Tenanted Investment

Debacle Mode³ provides a unique opportunity to purchase an iconic ground floor investment in the heart of the Braddon retail precinct.

Units 137, 138 and 142 are ground floor retail units within the landmark Mode³ development on Lonsdale Street in Braddon. These units are leased in-one-line to a long-standing restaurant and bar operator trading as Debacle with approximately 4 years remaining on the current lease term. The estimated passing annual net income as at 1 September 2019 is $206,737 excluding GST.

Having extensive frontage to Lonsdale Street, the units contain large bifold doors that open onto the pedestrian thoroughfare. The fitout of Debacle utilises a bar and dining area facing the entry with rear commercial kitchen. Exclusive use amenities are built within the unit area on the opposite side of the common area walkway, plus a small office and storage area. There are 6 secure basement car spaces allocated to the units.

Braddon is positioned immediately to the north of the Canberra CBD. Lonsdale Street is considered the primary focal point of Braddon extending into heart of the City’s retail precinct via Genge Street. Braddon’s commercial precinct has undergone considerable urban rejuvenation in recent years with the construction of numerous medium density mixed use developments. This burst of new development activity has created a thriving café, restaurant and bar destination with excellent connectivity to Civic. There are now a variety of food and beverage offerings in the Braddon precinct which are driving unprecedented levels of diversity in retail offering and pedestrian foot traffic.

Braddon is highlighted on the Visit Canberra website as ‘Hip and Happening in the Heart of Canberra’.

https://visitcanberra.com.au/canberra-precincts/braddon

Debacle is an established hospitality business which has operated from the local Braddon area for over 15 years. They moved from an adjoining property into Mode³ in 2012 (on completion) and have occupied this space ever since.

https://www.debacle.com.au/

Units 137, 138 and 142, Mode 3, 24 Lonsdale Street, Braddon ACT are being offer for sale by Expressions of Interest (EOI), closing 5.00pm on Friday 8 November 2019.

Property ID: 503355778Last Updated: 15 Nov 2019

Knight Frank - Canberra
Units 137, 138 & 142, 24 Lonsdale Street
Braddon, ACT 2612
Daniel McGrath
Joseph Rennie

Knight Frank - Canberra

Level 4, 64 Allara Street
CITY, ACT 2601

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Knight Frank - Canberra

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Knight Frank - Canberra

Level 4, 64 Allara Street
CITY, ACT 2601
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Daniel McGrath

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Daniel McGrath
Knight Frank - Canberra
Units 137, 138 & 142, 24 Lonsdale Street Braddon, ACT 2612

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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