For Sale by Expression of Interest

Belle Property Commercial Canberra are pleased to offer for sale Unit 29, Edgeworth, located within the Midtown Precinct prominently situated on the corner of Northbourne Avenune, Macarthur Avenue and David Street in the highly sought after inner north Canberra suburb of Turner.

Recently completed by HTI, one of Canberra’s top property development companies, the Midtown Precinct is located adjacent to the Macarthur Avenue light rail stop and comprises 26 residential apartments, 5 commercial tenancies, a public carpark and the newly opened Mantra on Northbourne hotel.

Unit 29 is a 37sqm ground floor commercial tenancy with prominent frontage to the visitor carpark and located directly next door to the popular Clay Café. The property is leased on the following terms:

• Tenant: Sui Spa Canberra
• Lease Commencement: 22 July 2020
• Lease Term: 5 + 3 years
• Commencing Rent: $22,475 pa +GST
• Annual Increases: Fixed at 2.5%pa
• Outgoings: Tenant pays increases over base year
• Security: 3-month bank guarantee + personal guarantee

Belle Property Commercial Canberra are offering the property for sale by Expressions of Interest closing 4pm, Thursday 15th October 2020. For further information or to arrange an inspection, please contact the exclusive agent, Mark Nicholls of Belle Property Commercial Canberra.