Share this property

realcommercial.com.au
Burgess Rawson Canberra Commercial - Dickson

21-25 Monaro Street Queanbeyan, NSW 2620

Directions

21-25 Monaro Street,
Queanbeyan, NSW 2620

Medical & Consulting • Offices • Shops & Retail

Price information

Sold

$4,250,000

Key property information

Land area

Floor area

Car spaces

Parking info

Property extent

Tenure type

Sold on

Burgess Rawson Canberra Commercial - Dickson
James Baker
Guy Randell

Burgess Rawson Canberra Commercial - Dickson

501/23 Challis Street
DICKSON, ACT 2602
Burgess Rawson Canberra Commercial - Dickson
21-25 Monaro Street
Queanbeyan, NSW 2620

Map of 21-25 Monaro Street

Directions

Essential Services & Australian Government Tenanted Arcade Investment

  • High Profile Main Road Frontage
  • 100% Occupied long standing tenants
  • Essential Services & Aus Gov Tenants
Auction Location: Online.

Burgess Rawson are delighted to exclusively offer for Sale by Auction this outstanding investment The Focal Point Arcade. Fully leased with strong tenancy mix including the Commonwealth Government – Federal Member for Monaro, Matrix Physiotherapy & Rebecca Ellison Acupuncture.

The Focal Point Arcade at 21-25 Monaro Street comprises a single level building on a substantial 1,416 sqm site with prominent frontage on the busiest main road in the heart of Queanbeyan's CBD. Approximately 20,000 vehicles pass the property every day.

The property has undergone a significant recent upgrade, with renovations being completed early in 2016 and again in 2018. The total rejuvenation was completed for a sum in excess of $1,200,000, and includes complete new roof with substantial insulation, new ceilings, LED lighting, air conditioning and carpets in the public areas, external building signage, as well as significant high quality modern improvements to the tenancies.

Queanbeyan enjoys a weather system much like Canberra, and is also a mere 2 hour drive from the South Coast, and just over 2 hours from the Snowy Mountains snow fields.
Queanbeyan's mixed economy is based on light construction, manufacturing, service, retail and agriculture. Queanbeyan also hosts the Queanbeyan-Palerang Regional Council.

Highlights Include:
- Dominant Essential Service Medical and Australian Government tenants
- Recently refurbished building on 1,416 sqm land parcel including new roof and public upgrades
- Prominent and wide main street exposure since 1896
- Recent upgrades and expansion of the region's best Physiotherapy Matrix doubling in size.
- New update of public areas completed early 2016 and new roof 2018 plus, over $1,200,000 in works
- Centrally located close to Riverside Plaza – major shopping centre including Coles, Target, Kmart, and other retail and community services
- Includes 8 car spaces on title, plus approximately 250 space public parking at rear of building
- Attractive 3% annual rent increases for continued growth
- 100% occupied and long standing tenants in location with renewed leases.

Lessee: Matrix Physiotherapy
Lease Term: 5 years
Lease Commencement: 1st May 2021
Lease Expiry: 30th April 2026
Options: 1 x 5 years

Lessee: Rebecca Ellison
Lease Term: 4 years
Lease Commencement: 1st January 2021
Lease Expiry: 31st December 2024
Options: 1 x 4 years

Lessee: Commonwealth of Australia
Lease Term: 3 years
Lease Commencement: 1st January 2021
Lease Expiry: 31st December 2023
Options: 2 x 3 years


Net income $258,887.92 pa + GST

Explore property virtually

Video

Additional information

Property ID: 503897630Last Updated: 24 Nov 2021

progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

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.

More properties from Burgess Rawson Canberra Commercial - Dickson

Other properties you might be interested in based on the location and property type you are looking at.