Burgess Rawson as exclusive agents are pleased to present to the market for Sale or Lease, 109/227-229 Flemington Road, Franklin.
This highly visible retail tenancy in the Aamira Development is currently leased to 'Cookies Cycles' until August 2024, presenting an attractive opportunity for an owner occupier, investor or tenant looking to either establish their business, or re-lease on attractive terms.
Aamira Apartments is a diverse project featuring 105 roomy apartments and 5 commercial spaces spread across four levels, complemented by an underground parking facility. Amenities include a gym, tennis court, and expansive landscaped spaces for both residents and commercial occupants to enjoy. Situated along the Flemington Road light rail corridor, the project is strategically positioned in the sought-after suburb of Franklin
Lease Highlights:
- 130sqm with 2 underground car parks
- Flemington Road Exposure (main arterial road from CBD to Gungahlin region and town centre)
- 12 mins to Canberra's CBD
- Situated on light rail corridor
- Large shopfront with great signage opportunity
Asking Rent: $59,950 pa + GST
Purchase Highlights:
- Stamp Duty Free
- Ability to purchase as a going concern
- Close to prominent retailers such as Woolworths and BWS
- Dual Access
- Estimated market rental income $59,950 pa + GST
- Current Net income: $49, pa + GST
Indicative Sale Guide: $800,000