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Colliers International - Canberra
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56 Hoskins Street Mitchell, ACT 2911

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56 Hoskins Street Mitchell, ACT 2911

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Floor area

820.0m²

Parking info

NA

Sold on

09 May 2019

High yielding, high profile commercial investment

  • 100% leased with new 5-year leases
  • Stamp duty exempt
  • Prime corner position
Unit 2, 56 Hoskins Street offers purchasers a high yielding and prominent commercial investment set within a high clearance, industrial strata building on one of Mitchell’s busiest corners. Located fronting Hoskins and Lysaght Streets, Unit 2 is for sale via Auction on Thursday May 9 at 11am (if not sold prior) and presents a passive opportunity with an entry point below the $1.5m stamp duty threshold.

• Circa 1990 development
• Excellent exposure to major arterial roads
• 820m² NLA across two levels, each level providing specialised fit-outs, rear access and male and female toilets within the tenancies.
• As at 1 April 2019 the property is 100% occupied by tenants Jolt Games and Bikram Yoga, who have both committed to new 5-year leases + option.
• Estimated net income is $93,158 ex. GST and both leases feature fixed rental growth of 3% per annum.

Unit 2, 56 Hoskins Street provides the opportunity for an investor to acquire a long-term, fully-leased strata unit in a high trafficked location.

Contact Colliers International for more information and to arrange an inspection.

Property ID: 503155062Last Updated: 22 May 2019

Colliers International - Canberra
56 Hoskins Street
Mitchell, ACT 2911
Dominic Aungles
Matthew Winter

Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601

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Colliers International - Canberra

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Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601
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Dominic Aungles

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Dominic Aungles
Colliers International - Canberra
56 Hoskins Street Mitchell, ACT 2911

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

Kind Regards,

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