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56 Hoskins Street, Mitchell, ACT 2911

56 Hoskins Street, Mitchell, ACT 2911

Offices

  • Sold Contact Agent
  • Thu 09-May-19

High yielding, high profile commercial investment

  • 100% leased with new 5-year leases
  • Stamp duty exempt
  • Prime corner position

  • Floor Area
  • 820 m²
  • Last Updated
  • Jun 13, 2019
  • Parking Comments
  • NA

Interested in this property? Contact an Agent today

Colliers International - Canberra

Ground Floor, 21-23 Marcus Clarke Street

City ACT 2601

Dominic Aungles, Colliers International - Canberra
Dominic Aungles

High yielding, high profile commercial investment

Unit 2, 56 Hoskins Street offers purchasers a high yielding and prominent commercial investment set within a high clearance, industrial strata building on one of Mitchell’s busiest corners. Located fronting Hoskins and Lysaght Streets, Unit 2 is for sale via Auction on Thursday May 9 at 11am (if not sold prior) and presents a passive opportunity with an entry point below the $1.5m stamp duty threshold.

• Circa 1990 development
• Excellent exposure to major arterial roads
• 820m² NLA across two levels, each level providing specialised fit-outs, rear access and male and female toilets within the tenancies.
• As at 1 April 2019 the property is 100% occupied by tenants Jolt Games and Bikram Yoga, who have both committed to new 5-year leases + option.
• Estimated net income is $93,158 ex. GST and both leases feature fixed rental growth of 3% per annum.

Unit 2, 56 Hoskins Street provides the opportunity for an investor to acquire a long-term, fully-leased strata unit in a high trafficked location.

Contact Colliers International for more information and to arrange an inspection.

56 Hoskins Street, Mitchell, ACT 2911

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