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EOI Closing 4pm 7 October 2021
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EOI WINDOW NOW CLOSED - Brand New 5 + 5 year Net Lease

EOI Closing 4pm 7 October 2021

Belle Property Retail Canberra are pleased to exclusively present to market, by way of Expressions of Interest, Unit 60, 32 Mort Street in Braddon. An ideal entry level investment or addition to an investment portfolio.

Located in the heart of the rapidly transforming suburb of Braddon, the stunning YAMAROSHI mixed-use development is comprised of 60 residential apartments located in the inner-city location of Braddon. The project consists of a seven-level building built over three levels of basement parking. Completed in 2019 by esteemed Canberra developer Bulum Group, constructed by Chase, and designed by niche architectural firm Nathan Gibson Judd Architecture, Yamaroshi represents an emerging style of built form that is truly pushing the boundaries in the Canberra marketplace.

Embedded at the Centre of the ground floor retail precinct, in a Melbourne-style laneway surrounded by edgy retailers and food operators, sits Unit 60. This tenancy is fully leased to food and beverage operator Hong Kong Tastes, offering a unique mix of sweets and treats. The property also comes with 2 allocated basement car-spaces, an over-allocation given the size of the unit and valuable given the central location of property, only 200m away from the Canberra CBD. The property is leased on the following terms:

Tenant: Sze Wing Wong trading as Hong Kong Tastes
Lease Commencement: 1 June 2021
Lease Term: 5 years
Lease Option: 5 years
Outgoings: Tenant Pays 100% (NET Lease)
Net Annual Income: $30,000.00 + GST (as at 1 September 2021)
Annual Increases: Fixed at 4% pa
Security: 3-month bank guarantee

For further information, please contact the exclusive agents, Nathan Dunn and Mark Nicholls of Belle Property Retail Canberra.

Interested parties are invited to submit their expressions of interest for the purchase of Unit 60, 32 Mort Street, Braddon by 4pm, Thursday 7 October 2021.


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26/10 Trevillian Quay, Kingston ACT 2604

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