Share this property

Colliers International - Canberra
Directions

43 Constitution Avenue Reid, ACT 2612

Directions

For Sale

43 Constitution Avenue Reid, ACT 2612

Offices
Sale Price

Contact Agent

Floor area

209.0m²

Car spaces

6

Parking info

Secure basement

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$90,666
Number of Tenants
1 Tenant
Tenants / Type
Vantage Strata

Fully leased strata investment

  • 100% occupied by Vantage Strata
  • Leased until Feb 2022 with 5 year option
  • Fixed 3.50% annual rental increases
The mixed-use development The Jamieson Apartments features 89 residential apartments and three ground floor commercial units fronting Constitution Avenue. The modern development was completed in 2014.

Situated between the City and the key office precincts of Russell and the Canberra airport, this area is benefiting from the current redevelopment of Campbell 5 and will see increased population growth through the future redevelopment of Anzac Park East & West.

Unit 90 is occupied by the rapidly expanding Vantage Strata, one of Canberra’s leading strata management companies. The company currently has over 6,000 units under management and is expanding their business interstate.

Vantage strata currently occupy the unit on a 5-year lease, expiring in February 2022, with a further 5-year option. Fixed annual rental increases of 3.50% are built into the lease.

Unit 90 is a 209sqm office unit with a high quality fit out in place, which was custom-built by the tenant including open plan office, reception area, boardroom and end of trip facilities. The wide street frontage provides great exposure for the unit to Constitution Avenue and passing traffic.

The unit provides six (6) basement carparks and additional basement storage area, as well as basement areas for bike storage. The current fit out includes modern kitchenette, bathrooms, disabled amenities and shower.

Net income for the property is estimated to be $90,666 per annum as at May 2019.

Don’t miss this sound Stamp Duty Exempt investment opportunity less than 1.5km from Canberra’s CBD and surrounded by the landmark attractions of the War Memorial and Lake Burley Griffin.

Contact Colliers International today for more information.

Property ID: 503189414Last Updated: 16 May 2019

Colliers International - Canberra
43 Constitution Avenue
Reid, ACT 2612
Matthew Winter
Dominic Aungles

Colliers International - Canberra

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

Agency contacts

Colliers International - Canberra

View Profile

Colliers International - Canberra

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

Sending email...

Email enquiry

Matthew Winter

Send to:

Matthew Winter
Colliers International - Canberra
43 Constitution Avenue Reid, ACT 2612

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

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call