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Lanewood Commercial Suites
Braddon, ACT · Listing NBA-1007
A boutique two-level commercial building with six tenancies, fully leased on staggered terms with annual increases.
Business details
- Listing ID
- NBA-1007
- Industry
- Commercial
- Business type
- Freehold Going Concern
- Established
- 2013
- Staff
- Managed externally
- Trading hours
- Not applicable
- Lease
- Freehold — 6 tenancies
- Reason for sale
- Portfolio restructure
Financial overview
Asking price
$3,400,000
Revenue
$318,000 p.a. gross rent
Profit
$262,000 p.a. net income
Stock
Nil
Figures are supplied by the seller. Buyers should complete their own due diligence.
About the business
The building was refurbished in 2021 with new services, lift compliance and end-of-trip facilities.
Weighted average lease expiry sits at 3.4 years across six tenants, none exceeding 28% of income.
Management is handled by an external agency willing to continue under new ownership.
Photo gallery
Location
Braddon, ACT
The precise address is disclosed by the seller to qualified buyers following an enquiry.