FOR SALE
EOI Closing Wed 23 Oct 2024

9 Lawry Place
Macquarie ACT 2614

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 394m2
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Single Titled Medical Investment with Brand New 3+3 year NET Lease

Raine & Horne Commercial Canberra are pleased to offer 9 Lawry Place, Macquarie ACT for sale by EOI, providing a fantastic opportunity to purchase a separately titled budling with a brand-new NET lease in place to a government-funded medical operator.
PROPERTY LOCATION:
Macquarie is a well-established suburb of the ACT located approx. 8 kilometres from Canberra CBD and approx. 1.5km to Belconnen Town Centre. 9 Lawry Place is located a short stroll from Canberra High School, Belconnen Tennis Club, Big Splash Water Park, Canberra Southern Cross Club Jamison, Anytime Fitness, Aranda District Playing Fields and the popular Jamison Plaza Shopping Centre, which is anchored by Coles and Aldi, and home to a number of specialty shops, financial institutions and professional offices such as Australia Post, Zambrero, Coffee Guru, Commonwealth Bank, Westpac, Bendigo Bank, Tabcorp, Donut King, Ricardo's Cafe, Bentleys Hair of Canberra, Hot Lantern Chinese, Macdonalds Children's and School Wear, La Shabbie and Jamison Flowers.
PROPERTY DESCRIPTION:
The property is a approx. 394sqm, single-level and separately titled commercial building benefitting from approx. 17m of frontage to both Lawry Place to the front and Wiseman Street to the rear. The property sits on a 588sqm rectangular-shaped block comprising 6 on-grade carparks accessed from the rear and ample street parking to the front.
The premises boasts a versatile fitout which is currently used as a medical facility comprising a light and airy reception / waiting area including a children's play area with a large staff office situated directly behind, 11 separate consultancy rooms currently used for consulting, procedure and pathology, all with glazing to the front bringing in plenty of natural light whilst retaining privacy for patients, a large staff kitchen/lunch room plus additional storage areas with lockers, 2 staff toilets and DDA complaint patient toilet. The fitout largely comprises grid ceiling with ducted air conditioning and heating with a mixture of carpet tiles and medical-grade flooring. The property also benefits from solar on the roof.
LEASE PROFILE:
• Tenant: Yerrabi Yurwang Child & Family Aboriginal Corporation
• Commencement: 1 June 2024
• Expiry: 31 May 2027 (3 year initial term)
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Property Details for 9 Lawry Pl, Macquarie

Building Type
Commercial
Floor Size
394m2

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About Macquarie 2614

The size of Macquarie is approximately 1.7 square kilometres. It has 14 parks covering nearly 13.4% of total area. The population of Macquarie in 2011 was 2,557 people. By 2016 the population was 2,698 showing a population growth of 5.5% in the area during that time. The predominant age group in Macquarie is 30-39 years. Households in Macquarie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macquarie work in a professional occupation. In 2011, 58.3% of the homes in Macquarie were owner-occupied compared with 55.8% in 2016.

Macquarie has 1,564 properties. Over the last 5 years, Houses in Macquarie have seen a 43.32% increase in median value, while Units have seen a 22.25% increase. As at 31 October 2024:

  • The median value for Houses in Macquarie is $932,228 while the median value for Units is $533,427.
  • Houses have a median rent of $643 while Units have a median rent of $575.
There are currently 13 properties listed for sale, and 7 properties listed for rent in Macquarie on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Macquarie.

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Mark Nicholls
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Cody Edwards
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Raine & Horne Commercial Canberra
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