Multi Award Winning Restaurant in Famous Precinct - Stamp Duty Free
Description
Burgess Rawson are delighted to exclusively offer For Sale by Auction this exceptional investment leased to Blackfire Restaurant.
38 Mort Street is part of the Gallery Development in the ever popular retail and residential precinct of Braddon in Canberra’s CBD.
Braddon is to Canberra what Lygon and Chapel Street are to Melbourne. Braddon is a hub of popular retail outlets, a stream of new and exciting developments and an eclectic mix of Canberra’s best restaurants and bars. There is over $1.48 billion being spent in new and approved projects in the immediate vicinity with the likes of The Canberra Raiders relocating their headquarters to now call Braddon Home.
Highlights include:
Renowned restaurant in popular Canberra suburb
2 units of 61 sqm each for a combined total of 122 sqm
Stamp duty free
Attractive 3.5% increases ensuring growth
Excellent Tenant Paying Weekly – History of Payments
Managed by Burgess Rawson Canberra
Lessee: Fuego Nero Pty Ltd
Lease Term: 5 year lease
Lease Commencement: 1/02/2021
Lease Expiry: 31/01/2026
Increases: 3.5% Rent Reviews
Option: 1x 5 year option to 2031
Net Income $93,365 pa + GST
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Contact agents
Guy Randell Managing Director ACT
0430 272 999James Baker Associate Director - Sales & Leasing
0421 863 040Enquiry Form
BRADDON, ACT
46-47/ 38 Mort Street
- Sold Price: Contact Agent
Contact agents
-
Guy Randell Managing Director ACT
0430 272 999 -
James Baker Associate Director - Sales & Leasing
0421 863 040