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Unit 10, 114 Emu Bank Belconnen, ACT 2617

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Unit 10, 114 Emu Bank,
Belconnen, ACT 2617

Shops & Retail

Price information

Sold

$430,000

Key property information

Floor area

Car spaces

Tenure type

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Map of Unit 10, 114 Emu Bank

Directions

Belconnen Retail Investment With Strong Growth Potential

Offering a 180 sqm strata unit comprising 115 sqm of ground floor area and a 65 sqm mezzanine
area. Featuring a full height glass shopfront to take full advantage of the northerly aspect and outlook
over Lake Ginninderra, the unit also has a disabled toilet on the ground level, is individually air
conditioned, grid tile ceiling, lighting and has 1 dedicated basement car park. The unit is currently
leased to Embrace Pilates and Fitness.

This is a great opportunity to purchase commercial property that is likely to show good capital growth in the short to medium term as well as provide a net return well in excess of what you would achieve from a residential investment. The current rental level is very realistic, on 5 + 5 year lease with fixed increases, and provides the opportunity for strong rental growth as the Belconnen Town Centre population is set to increase significantly in the coming years as a result of the large amount of high density development currently being undertaken.

The Boardwalk is a strata titled retail development comprising 13 units in total, with 6 units fronting Emu Bank and 7 Units fronting Lake Ginninderra. The development is split level providing the units facing lake Ginninderra with a mezzanine level, whilst the units fronting Emu Bank are single level. There is a basement car park providing 85 car parks, a loading dock with a rear access corridor to each unit and lift servicing all levels of the development.

Property ID: 502986922Last Updated: 7 Jan 2019

02 6275 14...
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Unit 10, 114 Emu Bank
Belconnen, ACT 2617
RWC - Canberra
Level 1, 32 Lonsdale Street
BRADDON, ACT 2612

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