12/189 Flemington RoadMitchell ACT 2911
Property Details for 12/189 Flemington Rd, Mitchell
Last Listing description (June 2022)
Burgess Rawson are delighted to exclusively offer For Sale by Auction this rare investment opportunity leased to long term tenant Aquarius Carwash.
Mitchell is connected to Gungahlin by two major arterial roads, the Gungahlin Drive extension and Flemington Road. These roads service high traffic flow as they are the main access points for Gungahlin to the south of Canberra and the City. Flemington Road also features the new light rail, which connects Gungahlin to the CBD in 6 minutes during peak hour traffic. Mitchell features national and local tenants, including Sydney tools, Subway, Club Lime, 99 Bikes, Kennards hire, Australia Post, Hertz, and others.
This property is located on a prominent corner just off the new light rail corridor and major thoroughfare to the CBD, with easy access to the Barton and Federal Highways.
Aquarius Carwash have a long term trading history in this location with the tenant extended for a further 10 years, 2 years prior to ending tenure. This location is a sought of land position as industrial land is secure and tightly held in Canberra with minimal ever coming on the market. A fantastic Stamp Duty Free investment which further enhances your net return.
Highlights:
+ 17 year lease to 2034 plus option to 2039
+ Attractive 3% annual increases
+ Fully leased to Aquarius Car Wash with a 13 year business history.
+ Easily managed single tenant investment
+ Prominently located car wash investment
Lease Term: 17 years lease
Lease Commencement: 01/06/2017
Lease Expiry: 31/05/2034
Increases: 3% Rent Reviews per annum
Option:1 x 5 Year Option
Net Income: $65,516 pa + GST
Property History for 12/189 Flemington Rd, Mitchell, ACT 2911
- 22 Jun 2022Sold for $1,225,000
- 26 May 2022Listed for Sale Auction
- 06 Jul 2018Sold for $815,000
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0About Mitchell 2911
The size of Mitchell is approximately 3.4 square kilometres. It has 5 parks covering nearly 39.5% of total area. The population of Mitchell in 2006 was 3 people. By 2011 the population was 6 showing a population growth of 100.0% in the area during that time. The predominant age group in Mitchell is 50-59 years. In general, people in Mitchell work in a trades occupation..
Mitchell has 630 properties.
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