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SOLD

76 & 77, 17-21 Eastlake Parade, Kingston, ACT, 2604

Properties / Sold / Australian Capital Territory / Kingston

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Offers over $2.85m

Land Area

3,159 m² (*approx)

Floor Area

265 m² (*approx)

Property Type

Retail, Other

Terms

5 year Net Lease to 14 August 2028

Est. Income

$176,000 p/a

Fully Leased

La Rustica

Car Spaces

Show All

2. Property Highlights

Rare Waterfront Investment Opportunity

Brand New Net Lease
Net Income $176,000 pa+GST*
Established, High Turnover Restaurant

Knight Frank Canberra are pleased to present to market Units 76 & 77, 17-21 Eastlake Parade, Kingston. Currently leased to La Rustica, this casual/fine-dining offering is one of the ACT's most widely recognised and well-loved Italian Restaurants.

Offering absolute waterfront dining, La Rustica sits on the Southern shores of Lake Burley Griffin in a bustling precinct of bars, eateries and cafes. Located only 4 kms from Capital Hill, the Canberra CBD and the Airport, it is an oft-frequented haunt of the business and political elite.

The property offers the following highlights for investors:

- 5 year Net Lease to 14 August 2028

- Five (5) further five (5) year options

- Fixed 4% annual rent increases

- 265 sqm with 67 sqm dedicated, undercover outdoor seating area on Title

- Two (2) allocated basement car spaces

- Part of one of Canberra's most exciting retail precincts

- Affluent main trade area, close to Parliament House, Defence Precinct and Airport

- Net income: $176,000 pa plus GST*

We are seeking offers over $2.85m.

If you would like further information, or to arrange an inspection, please do not hesitate to contact Nathan Dunn of Knight Frank Canberra.

Remember to mention you found this property on CommercialReady