65 Dundas Court Phillip, ACT

This property is located within the heart of the Phillip "service trades area" and adjacent to the Woden Town Centre, and enjoys a relatively central location within the Greater Metropolitan area of Canberra.
As such, it is approximately a 15 minute drive from Canberra International Airport, a 10 minute drive from the Canberra CBD or Tuggeranong Town Centre and is located only 5 minutes away from the Parliamentary Triangle. The Phillip service trades area, is home to a wide variety of businesses including those within the areas of pure retailing, bulky goods retailing, restaurants, office, medical, automotive sales and repairs, etc. As such, it provides for an eclectic mix of uses that adds to the vibrancy of the precinct and has led to the area being earmarked for higher density development under The Territory Plan.

65 Dundas Court, Phillip is a building constructed over two (2) levels with an approximate combined Net Lettable Area of 752 sqm, and a site area of approximately 702 sqm (the maximum GFA allowable is 790 sqm). The subject building enjoys dual street frontage, with a shop-style frontage to Dundas Court and rear access to and from Belona Court, where there is located on-site, sufficient car parking and loading facilities for those businesses occupying the building. 65 Dundas Court is a brick building with metal roof and features two adjoining ground floor showrooms, each comprising approximately 188 sqm and first floor office space comprising an area of approximately 376 sqm (which could be subdivided into two (2) separate units at a later date if desired). All units have their own toilet facilities and the first floor office space is air conditioned and has an existing fit out.

Financial Summary:
Current Gross Income $ 72,200 per annum plus GST
Add estimated rent for vacancy $ 67,680 per annum plus GST
Fully leased estimated gross rent $139,880 per annum plus GST

Less Outgoings
General Rates $13,198
Water Rates est $ 2,900
Insurance est $ 4,462
Repairs allowance $ 1,000

Our client is committed to selling, and as such, this property offers a fantastic opportunity for the investor, developer or first floor occupier to acquire a property in a precinct that is bound to benefit from the upswing in the commercial property market when it hits. Consider these factors; Separate titled commercial property, two well established tenants, dual street frontage with on-site parking, broad purpose clause and potential for greater development on the site (STCA).