Unit 7/114 Emu Bank Belconnen, ACT 2617

Great opportunity to purchase a commercial property that can be used by an owner occupier or the Vendor is happy to stay as a tenant to provide a good rental return in the short to medium term. The Vendor is willing to lease back the tenancy to satisfy 7% net yield on the purchase price.

The current owner has run a Karaoke business for more than 10 years, the property also features a full commercial kitchen including cool room. This property could easily be converted to a restaurant.

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.

Belconnen Town Centre population is set to increase significantly in the coming years as result of the large amount of high density development currently being being undertaken.

The unit comprises 154sqm on the ground level and 98sqm on the mezzanine level. Features include full height glass shop fronts to take full advantage of the northerly aspect and outlook over Lake Ginninderra, disabled toilets on the ground level, individual air conditioning, lighting and mezzanine levels, full commercial kitchen and cool room.

For more information please contact Steven Shang on 0411347432.