Brand new 7 year lease to 2024 plus 1 x 3 year option.
Fully leased to Aquarius Car Wash with a 13 year business history.
Mitchell: Canberra's north light industrial region servicing Gungahlin, the second fastest growing region in Australia.
Catchment population across north Canberra of 200,000+.
Prominent and bustling corner position off the new light rail corridor and major thoroughfare to the CBD, with easy access to the Barton and Federal Highways.
Car washing is a high demand industry, worth $24 billion according to the International Car Wash Association.
Surrounded by retailers including 99 Bikes, John McGrath Ford, Kennard's Hire and Club Lime.
Attractive 3% annual rental increases.
Easily managed single tenant investment.
Net Income: $56,298 pa + GST.
For Sale by Deadline Private Treaty: Closing 22 June 2018, or sold prior.
Price Guide: circa 7%.