43-45 East Row

City ACT 2601

45 East Row is a conventionally designed, separately titled, two-storey heritage listed commercial building. The building stands on a regular-shaped 200sqm block and is positioned within the main retail core of Canberra CBD with prominent frontage to the Canberra City bus interchange.

The ground floor measures approx. 160sqm, and is currently vacant, providing an extremely rare opportunity for an owner occupier to trade from this outstanding location with a high degree of daily foot traffic. The full height glazing to the front of the unit provides for plenty of natural light through the space. The property comprises an open plan retail area comprising a light and airy open plan area with grid ceiling, strip lighting, concrete walls and floor, a store room under the stairs, two restrooms with hand basin plus a rear storage area with double doors accessing the rear laneway, Verity Lane.

The upper floor measures approx. 167sqm and is currently leased to Squeaky Clean Bar & Restaurant on a 5+5 year NET lease, commencing 1st March 2023 at $60,000pa +GST with CPI annual increases. The premises is accessed via a stairwell directly from East Row and is fitted-out with hardwood timber flooring and multiple bathrooms. The tenant is an established Canberra hospitality operator who has been working, consulting and managing bars for over 25 years. Their fitout has been designed by renowned hospitality design experts, M Studio, based out of Sydney, who have meticulously designed Level 1 with thought for efficient food and beverage preparation, while providing patrons with the best dining experience while also enhancing the venue's brand identity.

For further information or to arrange a private inspection, please contact Mark Nicholls of Raine&Horne Commercial Canberra on 0417 239 551, Chris Antos of Sentia Real Estate on 0422 837 647.