Unit 23-25, 2 King Street,
Deakin, ACT 2600
Key property information
Map of Unit 23-25, 2 King Street
Long Term Essential Services Medical Investment
- 15 Year Lease
- 4% Rental Increase P/A
- Long Term Medical Investment
Deakin is an affluent suburb located in the inner south of Canberra, the capital city of Australia. The suburb is known for its large residential blocks, tree-lined streets, and many embassies and diplomatic residences as well as its business and medical opportunities. The suburb is bordered by the suburbs of Yarraluma, Hughes, Curtain, Forrest, and Red Hill.
Deakin is primarily a residential suburb, but it is also home to several Australian government agencies and a variety of businesses and services. The suburb is well-known for its large shopping centre, the Deakin shops, which offers a range of retail, dining, and entertainment options. In addition to it's commercial and retail offerings, Deakin is also home to several parks and recreational facilities, including the Royal Canberra Golf Club and the Deakin Soccer Club.
Close by are some of the nation's most prestigious private schools, hospitals, a local shopping centre containing an IGA supermarket, service station, newsagent, chemist, gym, and restaurants. It is also approximately a 5 minute drive to the Woden Town Centre and Westfield & only approximately a ten-minute drive to the Canberra CBD, Manuka & Kingston.
The Elite Rehab & Sports Physiotherapy facility sits within the Deakin Sports Therapy building. Surrounded by long standing medical tenants including the exceptional Aspen Medical, Genea fertility and a large range of specialist medical providers.
Elite Rehab and Sports Physiotherapy are one of the leading specialist in their field supporting both national and state-based teams and individuals. Both principals are highly regarded sports medicine providers with a long list of repeat and future business and expertise with PHD and Masters Degrees in their field, with individually over 20 years experience in the industry and working with Australia's elite.
The opportunity is a combined 3 unit fully functioning medical property that includes 7 consultation offices, a large gym area, front reception/waiting area, kitchenette, male and female bathrooms, a separate staff room and tea room.
- Long established medical tenant
- 15-year net lease plus options to 2045
- 4% Fixed annual rent increases ensuring growth
- Possible Stamp duty saving of $175,000
- Long established business since 1968
- Total Area: 404 sqm
- Close to Westfield Shopping Centre
- Large public sector workforce
- Zoning: CZ2 - Business Zone
Lessee: Elite Rehab & Sports Physiotherapy
Lease Term: 15 Years
Lease Commencement: 1 September 2020
Lease Expiry: 31 August 2035
Options: 1 x 10 Years
Net Income: $195,077.38 pa + GST
Auction Details: 10:30am March 28th 2023. Yallamundi Rooms, Opera House Sydney.
For further information or to arrange an inspection please contact Guy Randell on 0430 272 9... or James Baker on 0421 863 0....
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Property ID: 504261768Last Updated: 24 May 2023