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Burgess Rawson Canberra Commercial - Dickson

The Alby, G04, 45 Furzer Street Phillip, ACT 2606

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The Alby, G04, 45 Furzer Street,
Phillip, ACT 2606

Hotel & Leisure • Shop & Retail

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$8,300,000

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Burgess Rawson Canberra Commercial - Dickson
Guy Randell
James Baker

Burgess Rawson Canberra Commercial - Dickson

G03/19 Challis Street
DICKSON, ACT 2602
Burgess Rawson Canberra Commercial - Dickson
The Alby, G04, 45 Furzer Street
Phillip, ACT 2606

Map of The Alby, G04, 45 Furzer Street

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Triple Net Hotel Investment to Award-Winning National Operator

  • Triple Net Lease
  • 3% Increases Per Annum
  • 10 Year Lease to National Group
Burgess Rawson are delighted to exclusively offer for Sale by Auction this outstanding Triple Net Hotel investment 'The Alby' - Designed by award winning architects Capezio Copeland and Developed by National Award Winning Group - DOMA Group

45 Furzer Street is part of the Alexander and Albemarle Precinct in the Town Centre of the Woden Valley District and is near Westfield Shopping Centre in the epicentre of the whole Canberra Region

The Albemarle and Alexander buildings experienced a large development. Re-purposing the existing structure by the National Award-winning Doma Group who were able to take advantages of the environmental benefits when transforming the building. Constructed by BLOC the multi national award winning builder.

This exceptional new architecturally designed asset provides a long-term investment with significant depreciation with a fitout at approx $4,000,000.

The tenant pays for all repairs, maintenance and replacement of all items within the property, giving you long term peace of mind as a triple net investment.

DOMA Group have over 40 years in residential, hotel and commercial development, creating homes, hotels and workplaces that put people at their core. Today, DOMA is one of the largest private developers in Australia, with a current project pipeline valued at over $1billion.

The venue is operated by DOMA Hotels who have approx 1200 hotel rooms and 18 venues nationally under their belt. This outstanding new venue is a significant holding with over 1100sqm of indoor and outdoor space. The fitout has been delivered to the highest standard and is maintained and repaired by the tenant.

- Canberra based National group established in 1974
- Canberra/Woden Town Centre location
- Brand new asset
- Fixed annual 3 % rent increases
- 18 venues nationally
- 12,500 people in the public sector within 100m radius
- 100m direct entry to Westfield Woden
- Zoning: CZ2 - Business Zone
- 10 Year Lease plus 2 x 5 Year Options
- Total Area: 1,125 sqm

Lessee: The Albemarle Woden Pty Limited (DOMA Hotels)
Lease Term: 10 years with 2 x 5 year options
Lease Commencement: 15 November 2021
Lease Expiry: 14 November 2031
Increases: 3% per annum

Net Income: $440,120 pa

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Property ID: 503992451Last Updated: 29 Apr 2022

Burgess Rawson Canberra Commercial - Dickson
G03/19 Challis Street
DICKSON, ACT 2602
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
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