145/41 Eastlake ParadeKingston ACT 2604
Property Details for 145/41 Eastlake Pde, Kingston
Last Listing description (March 2020)
Burgess Raswson as the exclusive selling agents are proud to offer to the market the strong Performing Waterfront Precinct store in Kingston Forshore; a multipurpose and highly engage district of commercial and residential assets. Kingston is home to many well known restaurants, retail and offices with unparalleled views of Lake Burley Griffin.
Located on the main street in Canberras iconic busy waterfront precinct, East Pizza is a standout hospitality operator, well known to Kingston Foreshores locals and beyond. The 40 sqm property is fitted out with over $350,000 worth of purpose-built equipment, including a state of the art pizza oven (imported specifically for the tenant) and dynamic work space, to suit the needs of the highly experienced operator. The property is surrounded by approximately 3,500 residential apartments and engages large volumes of foot traffic which guarantees consumer business.
The property has a secure 11 Year Lease plus options to extend to 2039, with iconic Canberra pizza operator tenant with 14+ year of hospitality and business experience.
No stamp duty payable
4% Annual rental increase
New building with depreciation benefits
Large tenant investment with over $350,000 of fitout costs
100% of outgoings paid by tenant
Substantial investment with secured business
Management in place for this investment
Net income of $37,440 p/a + GST
To be sold by auction on 31st October 2019, at Doltone House Hyde Park, Sydney.
Auction sale contract and IM available upon request.
Property History for 145/41 Eastlake Pde, Kingston, ACT 2604
- 31 Oct 2019Sold for $725,000
- 27 Sep 2019Listed for Sale Auction
- 16 Oct 2013Sold for $360,800
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0About Kingston 2604
The size of Kingston is approximately 1.4 square kilometres. It has 8 parks covering nearly 8.1% of total area. The population of Kingston in 2011 was 2,978 people. By 2016 the population was 4,417 showing a population growth of 48.3% in the area during that time. The predominant age group in Kingston is 20-29 years. Households in Kingston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kingston work in a professional occupation. In 2011, 35.3% of the homes in Kingston were owner-occupied compared with 40.2% in 2016.
Kingston has 4,991 properties. Over the last 5 years, Houses in Kingston have seen a -21.38% decrease in median value, while Units have seen a 24.54% increase. As at 31 October 2024:
- The median value for Houses in Kingston is $1,322,501 while the median value for Units is $688,314.
- Houses have a median rent of $625 while Units have a median rent of $620.
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