39/1 Cowlishaw StreetGreenway ACT 2900
Property Details for 39/1 Cowlishaw St, Greenway
39/1 Cowlishaw St, Greenway is a 0 bedroom, 0 bathroom Unit and was built in 2009. The property has a land size of 2955m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (February 2023)
Raine & Horne Commercial Canberra are proud to present Unit 39 'Emphora' for sale by Expression of Interest (EOI).
'Emphora' is a modern mixed-use development located on the fringe of the busy Town Centre of Tuggeranong. Built by one of Canberra's reputable building companies Narona Homes, the development comprises 37 residential apartments and 4 commercial tenancies on the ground floor.
Located only a short walk to South.Point Shopping Centre and situated opposite the Louisa Lawson Building (home to the Department of Human Services and Services Australia), Emphora is positioned in a central position in close proximity to a number of major town centre amenities including cafes, restaurants, car parks, community services and public transport.
Unit 39 is a 96sqm, regular shaped, ground floor unit fronting Cowlishaw Street with 3 on-title undercover car parks to the rear. The unit benefits from plenty of natural light and a back door accessing the car parks to the rear. The unit comprises ducted air-conditioning, grid ceiling, vinyl floor covering, a large bathroom & kitchen. The fit-out is currently open plan in design, however the incoming tenant is planning to build internal partitions to accommodate their operating requirements.
The unit has recently been leased on the following terms:
Tenant: ACT Leisure Program Pty Ltd
Lease Commencement: 1 December 2022
Lease Term: 5+5 years
Commencing Annual Rent: $45,000pa + GST
Rent Review Structure: Increases by 4% annually, reviewed to market at option, increasing by 4% from option commencement date
Outgoings: Tenant pays statutory outgoings, services & utilities, cleaning & waste removal
Security: Cash bond equal to three months' rent
Unit 39 'Emphora' provides an excellent opportunity for an incoming investor to receive a NET income of $45,000pa increasing annually by 4%.
The property is for sale by Expression of Interest closing Thursday 8th December 2022.
For further information or to arrange an inspection, please contact the exclusive agent, Mark Nicholls of Raine & Horne Commercial Canberra.
Property History for 39/1 Cowlishaw St, Greenway, ACT 2900
- 14 Dec 2022Sold for $700,000
- 18 Nov 2022Listed for Sale Price on Application
- 01 Oct 2021Listed for Sale $495,000.00
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0About Greenway 2900
The size of Greenway is approximately 5.3 square kilometres. It has 17 parks covering nearly 36% of total area. The population of Greenway in 2011 was 1,453 people. By 2016 the population was 1,905 showing a population growth of 31.1% in the area during that time. The predominant age group in Greenway is 30-39 years. Households in Greenway are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Greenway work in a professional occupation. In 2011, 49.2% of the homes in Greenway were owner-occupied compared with 48.5% in 2016.
Greenway has 3,100 properties. Over the last 5 years, Houses in Greenway have seen a 20.61% increase in median value, while Units have seen a 30.18% increase. As at 31 October 2024:
- The median value for Houses in Greenway is $584,894 while the median value for Units is $516,021.
- Houses have a median rent of $530 while Units have a median rent of $530.
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