10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617
10/114 Emu Bank Belconnen, ACT 2617

10/114 Emu Bank Belconnen, ACT

Sold on 15 Oct 2018

Property Type Retail
Asking Price Sold for $430,000
Floor Area 180 m²
Land Area

Belconnen Retail Investment with Strong Growth Potential

Offering a 180 sqm strata unit comprising 115 sqm of ground floor area and a 65 sqm mezzanine
area. Featuring a full height glass shopfront to take full advantage of the northerly aspect and outlook
over Lake Ginninderra, the unit also has a disabled toilet on the ground level, is individually air
conditioned, grid tile ceiling, lighting and has 1 dedicated basement car park. The unit is currently
leased to Embrace Pilates and Fitness.

This is a great opportunity to purchase commercial property that is likely to show good capital growth in the short to medium term as well as provide a net return well in excess of what you would achieve from a residential investment. The current rental level is very realistic, on 5 + 5 year lease with fixed increases, and provides the opportunity for strong rental growth as the Belconnen Town Centre population is set to increase significantly in the coming years as a result of the large amount of high density development currently being undertaken.

The Boardwalk is a strata titled retail development comprising 13 units in total, with 6 units fronting Emu Bank and 7 Units fronting Lake Ginninderra. The development is split level providing the units facing lake Ginninderra with a mezzanine level, whilst the units fronting Emu Bank are single level. There is a basement car park providing 85 car parks, a loading dock with a rear access corridor to each unit and lift servicing all levels of the development.


Key Property Details

  • Tenanted Investment