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Premium A-Grade Office Investment

Level 2, 59 Wentworth Avenue, KINGSTON ACT, 2604

For Sale

Property for Sale in Level 2, 59 Wentworth Avenue, KINGSTON ACT, 2604

Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604

Listing ID:
11272249
Status:
Active
For:
Sale
Price:
Circa 6% Net Yield
Last Updated:
13/01/2020
Icon building

Property Type

Offices/Offices
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Land Area

1423 SQM
Icon size

Floor Area

940 SQM
Icon parking

Parking

N/A

Premium A-Grade Office Investment

It is with great pleasure that Burgess Rawson brings to market the whole of Level 2 in this premium A-Grade office building.

Brand new 10 year lease from 1 November 2017, plus 2 x 5 year options to 2037.
The property is 100% leased to MAXIM Chartered Accountants.
MAXIM is a dynamic firm of chartered accountants and business advisors based in Canberra and Sydney, with over 20 years' experience servicing high net wealth clients.
The building stands on a prominent 1,423 sqm corner site in the highly sought after suburb of Kingston, with arts and cultural attractions, waterfront dining precinct and many professional services.
Built by one of Canberra's leading developers, Doma Group, designed by Terry Ring of Architects Ring and Associates, this mixed-use building features natural materials, rooftop terrace with water fountains and a half size basketball court.
High quality professional tenants and industry associations occupy the building including Archertec Interiors, Built, Federal Chamber of Automotive Industries and P2 Advisory.
Impressive 940 sqm state of the art award winning office fit-out with two boardrooms, three private meeting rooms, directors' offices, large staff kitchen, open plan work space, large foyer, and bathrooms.
Designed specifically for the tenant's business needs, the fit-out won the 2010 ACT Institute of Architects Award for Excellence in Building Awards, Commercial and Retail Fit-Out, Refurb or Alterations $1m - $3m.
24 allocated car spaces on-title for exclusive use by the tenants, with additional 23 on-grade public car parks available for clients.
Outstanding 4% annual rent increases.
Outgoings paid by the tenant over the base year ending 31 August 2018, as per lease.
Net income: $445,553 pa + GST ($634,160 in 2027)

For more details, please email agent


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Burgess Rawson (ACT) Pty Ltd

Suite 152, Level 1, 41 Eastlake Parade, Kingston, ACT 2604


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