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SQ1 Southquay, Units 278 & 279, 311 Anketell Street Greenway, ACT 2900

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SQ1 Southquay, Units 278 & 279, 311 Anketell Street Greenway, ACT 2900

Shop & Retail • Hotel & Leisure
Sold Price

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Floor area

254.0m²

Property extent

Partial

Tenure type

Tenanted Investment

Sold on

15 Dec 2017

BRAND NEW 5 YEAR LEASE - 7% RETURN!

  • New lease to Orange Theory Fitness
  • Brand new modern development
  • Attractive annual increases
CBRE are pleased to present units 278 & 279 within the brand new SQ1 development presented by Empire Global. The two units, measuring a total of 254sqm* plus 52sqm* of outdoor space, have recently been leased to Orange Theory Fitness on a brand new 5 + 5 + 5 year term. The first year’s gross rent is $92,000 +GST which increases annually by 3.5%.

SQ1 is a mixed used development which consists of seven modern commercial ground floor units fronting Anketell Street. Located diagonally opposite Bunning’s Warehouse and in close proximity to the Tuggeranong Medical Centre, the Tuggeranong Hyperdome and other major retailers, these units benefits from high levels of passing traffic.

Key Investment highlights include:

- 254sqm* plus 52sqm* of outdoor space
- 4 secure basement carparks
- Brand new 5 + 5 + 5 year lease to Orange Theory Fitness
- Estimated net income: $78,000p.a*
- Attractive 3.5% annual increases

For more further information or to arrange an inspection please contact the exclusive agents of CBRE.

Approx*

Property ID: 502584862Last Updated: 6 Mar 2019

0434 *** ***
SQ1 Southquay, Units 278 & 279, 311 Anketell Street
Greenway, ACT 2900

Agency contacts

CBRE - Canberra

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CBRE - Canberra

Level 12, 14 Moore Street
CITY, ACT 2601
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Troy Markos
CBRE - Canberra
SQ1 Southquay, Units 278 & 279, 311 Anketell Street Greenway, ACT 2900

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

Kind Regards,

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