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50 Curran Drive Nicholls, ACT 2913

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50 Curran Drive Nicholls, ACT 2913

Other • Hotel & Leisure
Sold Price

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Floor area

734.0m²

Car spaces

130

Parking info

On-grade visitor parking

Property extent

Partial

Tenure type

Tenanted Investment

Sold on

02 Aug 2017

Return

8.5% p.a.

Fully Leased Commercial Investment

  • 734m² indoor recreation unit
  • $147,924 + GST p.a net income
  • Strong tenant profile
Unit 3, 50 Curran Street represents an outstanding opportunity for the astute investor to secure a fully leased commercial investment within the rapidly expanding Gungahlin region.

The Gungahlin region is the fastest growing area within the ACT and numerous residential suburbs have been recently completed or are currently under construction. In 2013-2014 Gungahlin was responsible for 71% of the total growth in the Territory and with the recent announcement of approval for Canberra’s first ever metro rail project - which will link the Gungahlin Town Centre with the Canberra CBD – Gungahlin is expected to continue its unprecedented expansion.

Unit 3 is located within the tightly held Gold Creek Country Club complex, Nicholls and is approximately 7km from the Gungahlin Town Centre. This 734m² indoor recreation unit is leased to The Club Group who have over 4 years remaining on their lease plus a further 5 year option. The Club Group - operating as Club Lime - have a strong tenant profile and currently feature 17 health clubs across the ACT and NSW.

Unit 3 has a net passing income of approximately $147,924 + GST p.a. and features annual increases of CPI. There is excellent on-site parking for approximately 130 cars in the direct vicinity and neighbouring tenants include a childcare, indoor swimming school and a new indoor sports centre which is currently under construction.

Property ID: 501852346Last Updated: 2 Aug 2017

0432 *** ***
50 Curran Drive
Nicholls, ACT 2913

Agency contacts

Colliers International - Canberra

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Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street
CITY, ACT 2601
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Matthew Winter
Colliers International - Canberra
50 Curran Drive Nicholls, ACT 2913

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

Kind Regards,

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