biography

Senior Executive

Mitch Frail

Easy to Manage Investment Offering 7.5% Yield JLL is pleased to offer Unit 15, 236-242 Cowlishaw Street, Greenway for immediate sale at $1,225,000 which equates to a yield of over 7.5%. This opportunity deserves the attention of investors seeking the following:- • High Yield investment falling below ACT Government Commercial Stamp Duty Threshold** • New 5 year net lease to 2024 plus option to Luton Properties with fixed annual rental increases of 3.5% • 244 sqm unit with Excellent amenity from Lake Tuggeranong and immediate access to South.Point Shopping Centre and large Federal Government departments • Tuggeranong is home to approximately 85,000 people and one of Canberra’s key town centres, with ACT Government works to upgrade urban infrastructure underway. • Tenant has operated in Tuggeranong market for nearly 20 years and has invested in new fitout • Tenant pays all outgoings (as per lease) • Net income $92,720 p.a* *Approx. **As per ACT government stamp duty exemptions under $1.5m Interested parties are welcome to inspect via sole agents JLL

Description

Last updated

Building

Unit 15,236-242 Cowlishaw St, Greenway

Sydney

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Unit 15,236-242 Cowlishaw St, Greenway

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