OFF MARKET

32-34 Grimwade Street
Mitchell ACT 2911

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 250m2
Land area: 1707m2
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Property Details for 32-34 Grimwade St, Mitchell

Building Type
Commercial
Floor Size
250m2
Land Size
1707m2
Local Government
Gungahlin
Lot/Plan
MITCHELL: Block 18, Section 1

Last Listing description (July 2022)

FOR SALE | 42 Hoskins St MITCHELL

This two story fully-tenanted building is located in the industrial suburb Mitchell and is now for sale via expressions of interest. The property falls under the industrial mixed use zone (IZ2) and its purpose clause is wide and unique. All of the current tenants have made great investments on high quality fit-outs and also pay for their water supply and usage charges. The current tenants are TDX tiling, Wanderlust and Langtrees.

Features:

- Fully leased
- Building area 1,300 sqm
- Block area 1,706 sqm
- Dual access via Grimwade St and Hoskins St

Financials:
- Annual gross rental income $232,834 with 5% annual increases
- Rates $26,549
- Insurance $3,666
- Annual Net income $202,619

Don't miss out on this rare opportunity to purchase a fully tenanted building in a high demand area with a unique use purpose clause.

For more information or to arrange an inspection please contact Dania Khalil on:
0406 375 946
Dania.Khalil@civium.com.au

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Property History for 32-34 Grimwade St, Mitchell, ACT 2911

A timeline of how this property has performed in the market
Last Sold
$2,400,000
12 May 2022
Listed for Rent
$44k/w
18 Jun 2019
  • 06 Jul 2022
    Listed for Sale Contact Dania for Information Memorandum 0406 375 946
  • 12 May 2022
    Sold for $2,400,000
  • 28 Jan 2022
    Listed for Sale Contact Dania for Information Memorandum 0406 375 946
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About 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.

    There are currently 4 properties listed for sale, and 20 properties listed for rent in Mitchell on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Mitchell.

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