FOR SALE
I N F O R M AT I O N M E M O R A N D U M
INTRODUCING 2 /4 3 CO M R I E S T R E E T, WA N N I A S S A AC T 2 9 0 3 Raine & Horne Commercial Canberra are pleased to offer unit 2/43 Comrie Street, Wanniassa for Sale by way of Private Treaty. Currently leased by Move Happy Healthcare, this property is ideal for investors seeking a stable income investment with a long-term tenant. Move Happy Healthcare (MHH) is a healthcare clinic encompassing physiotherapy, osteopathy, exercise physiology and massage. They provide high quality healthcare and injury prevention, and have a upstanding reputation. MHH currently have in place a 5 year lease, with an option to extend for a further 5 years. The Lessee has expressed interest to take up the 5 year option period. The property is located on the ground floor of a 2-storey commercial building, with prominent street frontage and ample car parking. Features include basement parking, visitor parking, ducted air-conditioning, disabled bathroom, shower and modern amenities. The unit comprises an area of 214m2, with a full height shopfront window, reception area, and small office. In addition, there are 7 spacious consulting rooms, kitchenette/store and open plan area with added rubber flooring (utilised as a gym).
C O N TAC T For more information, please contact the exclusive agent.
FRANK GIORGI Sales & Leasing Executive Raine & Horne Commercial Canberra P M E
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| 02 6239 6888 | 0412 135 982 | fgiorgi@rhccanberra.com.au
Level 1, 22 Giles Street, Kingston ACT 2604 P | 02 6239 6888 W | rhccanberra.com.au
K E Y F E AT U R E S
EXISTING TENANT WITH GREAT REPUTATION
CENTRAL LOCATION IN WANNIASSA
OFFICE AREA & RECEPTION
2-STOREY BUILDING WITH SHOPFRONT
AMPLE CAR PARKING FOR CUSTOMERS & STAFF
GREAT STREET FRONTAGE
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PROPERTY 43 Comrie Street, Wanniassa is a two-storey commercial building forming part of the Erindale Group Centre. Constructed circa 2008, this building features 8 units, basement and ongrade visitor parking with lift access.
ADDRESS
T I T L E D E TA I L S
2/43 Comrie Street, Wanniassa ACT 2903
Unit 2, Block 30, Section 130, Division Wanniassa
UNIT AREA
ZO N I N G
214m2
CZ2 Business Zone Subject to the Territory Plan 2008
P U R P O S E C L AU S E
PA R K I N G
Various purposes, including health facility, indoor recreation facility, or restaurant.
4 subsidiary basement car spaces (one with storage cage), and ample visitors parking.
AMENITIES Neat amenities, including female toilet, unisex bathroom and shower.
T E N A N T D E TA I L S
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TENANT
RENT REVIEW
Move Happy Healthcare
Annually from CPI
OPTION
LEASE TERM
5 years + 5 years
5 years: commencing 01 July 2013, expiring 30 June 2018. Existing tenant has expressed interest in exercising the option period
LO C AT I O N 2/43 Comrie Street is located in the suburb of Wanniassa, in the district of Tuggeranong. Located approximately 3.8 kilometres from the Tuggeranong Town Centre, this property is in the heart of South Canberra. The unit is located in the Erindale Group Centre and includes a Woolworths supermarket, Australia post, and a number of specialty stores. Other occupiers in the region include McDonald’s, Vikings Club, 7-Eleven and Caltex Service Stations, and a range of other commercial buildings. Wanniassa services large area of South Canberra, with many residents visiting restaurants, fast food outlets and cafes. ACTION buses operate from Comrie Street, with bus stops within easy walking distance of the property.
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FINANCIALS 2/43 Comrie St, Wanniassa is currently leased by Move Happy Healthcare (MHH). MHH currently have in place a 5 year lease with an option to extend for a further 5 years. The lessee has expressed interest to take up the 5 year option period. Their current lease expires on 30 June 2018.
PASSING RENT 4 BASEMENT CAR PARKS
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$137,712 + GST INCLUDED IN THE RENTAL
STATUTORY OUTGOINGS COUNCIL RATES 2016-17 WATER RATES STRATA LEVIES
$9,994 $631 $15,485
OPERATING EXPENSES FIRE PROTECTION REPAIRS & MAINTENANCE MANAGEMENT
$500 $750 $1,500
TOTAL OUTGOINGS
$28,860
NET PASSING INCOME
$108,852
ASKING SALES PRICE 2/43 Comrie Street, Wanniassa is a fantastic stable investment asset, with a high-quality fitout, stable well-kept tenant, flexible floor plate and varied Purpose Clause. Taking into consideration these conditions, financials, and market research, Raine & Horne Commercial Canberra are marketing this property for the following Sales Price:
$ 1 , 2 9 0 ,0 0 0
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FRANK GIORGI Sales & Leasing Executive Raine & Horne Commercial Canberra P M E
| 02 6239 6888 | 0412 135 982 | fgiorgi@rhccanberra.com.au
Level 1, 22 Giles Street, Kingston ACT 2604 P | 02 6239 6888 W | rhccanberra.com.au
DISCLAIMER The information contained in this Report is provided as a guide only; does not constitute any offer or contract or sale; and has been prepared in good faith and with due care by Raine & Horne Commercial Canberra. Interested parties should take note that the calculations and information contained in this Report are based on figures provided to Raine & Horne Commercial Canberra by outside sources and have not been independently verified by Raine & Horne Commercial Canberra. Raine & Horne Commercial Canberra does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own inquiries as to the accuracy of the information as they or their legal and financial advisers see fit. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from. Any projections contained in this Report represent estimates only and may be based on assumptions that may be incomplete, incorrect or erroneous. Interested parties must satisfy themselves in relation to all aspects of the Report including development potential and cost; market take up; rent levels; outgoings; and all other matters a prudent purchaser would consider relevant. The Vendor, Raine & Horne Commercial Canberra, or their employees, agents or representatives will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that a potential purchaser relies upon that is contained in this Report or any other marketing material.