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2-6 Bowes Street Phillip, ACT 2606

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2-6 Bowes Street Phillip, ACT 2606

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Floor area

12348.0m²

Parking info

OnSite

NABERS

0.0

Sold on

16 Mar 2018

Prime Investment with Long Term Government Income

  • $3.85m approx. fully leased net income
  • WALE of 13.27 years by income
  • 95% occupied by Government Tenants
2-6 Bowes Street is a fully refurbished building located in the the Woden Town Centre. Boasting a 13.27 year WALE with the ACT government occupying 88% of the building on a 15 year lease commencing in early 2017.

The property has been fully refurbished to meet the government's occupancy requirements, and provides investors with a stable, secure income stream with minimal short term capital expenditure. Fixed annual rental increases provide income growth through the term of the lease. Properties with lease covenants of this nature are rarely traded.

The Woden Town Centre is undergoing major change with a number of private sector and Government projects bringing further civic amenity and economic benefits to the local area. The Woden Master Plan has recently been reviewed to permit new development and outlines the local Government's commitment to the Town Centre.

Expressions of Interest close 4pm, 4 November 2016.

Property ID: 502120262Last Updated: 16 Mar 2018

0413 *** ***
2-6 Bowes Street
Phillip, ACT 2606

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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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Paul Powderly
Colliers International - Canberra
2-6 Bowes Street Phillip, ACT 2606

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

Kind Regards,

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