180/6-8 Gribble Street,
Gungahlin, ACT 2912
Key property information
Map of 180/6-8 Gribble Street
Tenanted Investment - Fitout Commenced!
- Rapidly Expanding Town Centre Location
- Brand new 5+5 year NET lease
- Net Income: $52,000pa with 4% increases
Ruby is a brand-new mixed-use development developed by POD Projects, designed by Stewart Architecture and built by Core Building Group. The development comprises a total of 179 residential apartments and 9 ground floor commercial units. The Crown Lease permits a broad range of uses including shop, medical, office, recreation, restaurant and bar. Each tenancy has fantastic street exposure, car parking on title, provisional points for services and access to the common amenities including rooftop pool area, gymnasium and BBQ facilities.
Unit 180 is a 113sqm ground floor commercial tenancy and located in arguably the best ‘corner’ position facing the driveway into the Ruby Gungahlin development as well as the Jade Gungahlin development, Infinity Towers and one of Canberra’s largest child care centres, providing excellent exposure to passing foot and vehicular traffic. The tenancy directly abuts the pedestrian walkway in front with an awning to the front protecting the glazing and customers from the elements and has 2 secure basement car parks on title.
The tenancy has recently been leased to Kathmandu Beauty and Hair Salon on a 5+5 year NET lease commencing 1 May 2021 and expiring 30 April 2026, with a tenant's option to renew until 30 April 2031. The NET rental of $52,000pa +GST increases annually by 4% during the term of the lease. The tenant is currently fitting out the premises and will be open for business shortly.
Belle Property Commercial Canberra are offering the property for sale by Expressions of Interest closing 4pm, Thursday 20th May 2021. For further information or to arrange an inspection, please contact the exclusive agent, Mark Nicholls of Belle Property Commercial Canberra.
Property ID: 503813602Last Updated: 26 Jul 2021
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