Dominion PlaceQueanbeyan East NSW 2620
Property Details for 10/2 Dominion Pl, Queanbeyan East
Last Listing description (October 2024)
Raine & Horne Commercial Canberra are pleased to offer Unit 10, 2 Dominion Place for sale as a tenanted investment opportunity.
Queanbeyan has fast become an ideal option for Canberra-based businesses to operate from due to more affordable rents and its proximity to Fyshwick (approx. 5 minutes' drive), Canberra CBD (approx. 15 minutes' drive) and Googong (approx. 5 minutes' drive). Queanbeyan also offers easy access to the Federal Highway (via Sutton Road), Cooma (via Monaro Highway) and the South Coast (via Kings Highway).
2 Dominion Place comprises 11 individual high-quality commercial units suitable for a range of uses including corporate offices, light industrial warehousing and retail showrooms.
Unit 10 is an 83sqm high clearance warehouse unit with 1 allocated carpark. The unit is leased to Lion Batteries on the following high-level lease terms:
Lease Commencement: 1st June 2024
Lease term: 2+2 years
Commencing Rent: $28,000pa +GST (gross)
Rental Increases: 4% per annum (including on the exercise of the option)
Security: Cash Bond equivalent to 3 months' rent ($7,700 inc GST)
Estimated outgoings (paid by owner):
Strata Budget - $4,020pa
Council rates - $1,500pa
Water rates - $360pa
TOTAL: $5,880pa
For further information or to arrange an inspection, please contact Raine & Horne Commercial canberra.
Property History for 10/2 Dominion Pl, Queanbeyan East, NSW 2620
- 10 May 2024Listed for Sale Price On Application
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0About Queanbeyan East 2620
The size of Queanbeyan East is approximately 4.3 square kilometres. It has 12 parks covering nearly 14.5% of total area. The population of Queanbeyan East in 2011 was 3,765 people. By 2016 the population was 3,929 showing a population growth of 4.4% in the area during that time. The predominant age group in Queanbeyan East is 30-39 years. Households in Queanbeyan East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Queanbeyan East work in a professional occupation. In 2011, 49% of the homes in Queanbeyan East were owner-occupied compared with 45.4% in 2016.
Queanbeyan East has 3,115 properties. Over the last 5 years, Houses in Queanbeyan East have seen a 43.32% increase in median value, while Units have seen a 58.69% increase. As at 30 September 2024:
- The median value for Houses in Queanbeyan East is $820,047 while the median value for Units is $415,459.
- Houses have a median rent of $520 while Units have a median rent of $430.
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