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Dental Practice Nestled Within an Urban Playground

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Belle Commercial Property Canberra are pleased to exclusively offer For Sale by Expressions of Interest this fantastic tenanted investment to Downtown Dental, in the Founders Lane Braddon precinct.

Located on the ground floor within metres of Canberra’s largest shopping centre, super-regional sized The Canberra Centre, this is a fantastic opportunity to secure a piece of real estate occupied by a well-established medical business, with an experienced proprietor at the helm.

Founders Lane is a vibrant urban precinct that sits between the City and the trendy inner-north suburb of Braddon. Flanked by historic Gorman House on one side and the Canberra Centre on the other, the precinct is designed to be a connecting point between nature, urbanisation, and heritage. Founders Lane is a four-stage development located in the inner-city location of Braddon, with the subject property specifically located within The Mark sub-sector. The project is built over 3 levels of basement parking. The ground and first floor includes retail/commercial office spaces and there are 194 residential apartments built over eleven-levels.

Downtown Dental are a family-oriented quality care Canberra Dentist. They provide the full range of general dental care. The tenancy itself has been built to a high standard including lead lining in specific sectors.

Highlights of the investment opportunity include:

- CBD location with huge visibility onto Cooyong Street and Ainslie Avenue
- Sits next to Canberra’s largest office precinct (over 600,000 sqm of NLA) and Canberra’s largest shopping centre (almost 100,000 sqm of GLA)
- Area: 74 sqm
- 5 year lease with an option to 2032
- 2 allocated basement carparks

• Tenant: Downtown Dental Pty Ltd
• Lease Commencement: 1 February 2022
• Lease Term: 5 + 5 years
• Outgoings: Tenant Pays 100%
• Net Annual Income: $65,000.00 +GST
• Annual Increases: Fixed at 3.00% pa
• Security: 3-month bank guarantee

Belle Property Commercial Canberra are offering the property for sale by Expressions of Interest closing 4pm, Thursday 21st April 2022. For further information or to arrange an inspection, please contact the exclusive agent, Nathan Dunn.

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26/10 Trevillian Quay, Kingston ACT 2604

Property information

Property ID
a0Q2u00000EH9VBEA1
Property Type
Commercial
Type
For Sale
Category
Retail
Building Size
74.00m2
Available Documents