Office

NewActon South - Units 130 & 190, 19 Marcus Clarke Street, Canberra City

19 Marcus Clarke Street Canberra, ACT Australia 2601
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Lease Type Gross
Current / Passing Rent
Lease Expiration 2025-12-31
Lease Type Modified Gross
Current / Passing Rent
Lease Expiration 2027-07-31
Remaining Term 6 years, 1 month
Tenant Mocan and Green Grout
Tenant Benchmarc Group
Building Area
Number of units 2

Property Description

Situated on the ground floor of the NewActon South mixed-use development in the heart of the popular NewActon precinct, Units 130 and 190 represent a truly unique opportunity to acquire commercial units within a prestigious ACT location. 

 

Unit 130 is a ground floor 290sqm* strata unit leased to the popular Mocan & Green Grout, and Benchmarc Financial Group. Unit 190 contains the Kendall Lane Theatre, a 52sqm* unit that it utilised as an in-house cinema/conference area, for the Benchmarc Financial Group, providing 35 seats. This unit is fully equipped with state-of-the-art projection and sound technology. Units 130 and 190 provide purchasers with two highly versatile commercial units (sold in one line) in one of Canberra’s most coveted mixed-use precincts.

Investment Highlights

  • Combined 342sqm* of retail and office accommodation
  • Unit 130 (areas 1 & 2) leased to Mocan & Green Grout for seven years to December 2025
  • Unit 130 (area 3) and Unit 190 leased to Benchmarc Financial group for seven years to 2027 + option
  • 5.8 years WALE* by income
  • Excellent fixed 3.5% & 3.75% annual rental increases
  • 35 seat cinema included in the sale
  • Located in the award winning NewActon precinct
  • Net equivalent income: $146,077 pa* + GST

For sale by expression of interest closing 4pm (AEST) Thursday 27 May 2021.


For further information or to arrange an inspection please contact the exclusive listing agents.


*all figures are approximate.

Last Updated Date: 23 Apr 2021
Mitch Frail
Mitch Frail
Senior Executive, Capital Markets

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