New Highly Flexible and Secure Investment In Perhaps Canberra's Most Unique Mixed Use Development

Kingsborough is a new urban village where the ideas of community, creativity and sustainability collide. Its nestled behind the buzzing Kingston Foreshore and offers something a bit different for Canberra's inner south. There are shared gardens, a village square, indoor pool and gym, shops, offices and a variety of residences, but most of all, a sense of community. The Kingsborough residences are made up of 280 apartments, terrace homes and warehouse dwellings that provide a perfect retreat from city life.

This unique development offers the following outstanding investment property for sale.

• 4 interconnected ground floor strata units totaling 576 sqm ranging in size from 55 sqm to 199 sqm providing ultimate flexibility for the future.
• The tenancy is constructed around a striking light well/atrium and features a high quality fit out including its own toilets and shower.
• Includes 8 basement carparks (tandem configuration) and 4 storage cages.
• 5 plus 5 year lease commencing 1 March 2020 to Ascentem, one of Canberra's leading psychological practices.
• The lease provides a net income of circa $192,747 pa plus GST, fixed 4% increases, recovery of increases in outgoings, bank and personal guarantees.
• Extremely broad purpose clause including office, retail, residential, restaurant, community use*, indoor recreation, serviced apartment and more.
* Excludes child care, and religious uses

Expressions Of Interest Closing 3pm Wednesday 18 November 2021

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