Burgess Rawson are delighted to exclusively offer for Sale by Auction this National Investment Leased to the market dominating solicitor Velocity Conveyancing.
4/78-80 Emu Bank is located on level 1 of Vanzwan House in Belconnen.
Belconnen is Canberra’s largest Town Centre and is experiencing a significant period of growth brought about by a demand and subsequent investment in development, employment, arts and culture, transport and healthcare. translating into a 50% increase in number of dwellings predicted over the next 25 years. Belconnen is anchored by Westfield and Australian Government agencies with significant high rise residential development.
Velocity Conveyancing is amongst other long established businesses in the building such as Vanzwan Accounting Plus, Wallbeds Australia, Canberra Granny Flat Builders, Auction Advantage, Canberra Custom Homes, Canberra Roofing Repairs, The Renovation Report, Hotel your Home and many other popular national retailers.
Velocity Conveyancing is Canberra’s largest conveyancing firm with 8 offices and over 55 years continuous trading.
This exceptional asset provides a long-term investment for any keen investor.
Highlights Include:
– Long established national tenant
– 9-year net lease plus options to 2038
– 4% Fixed annual rent increases ensuring growth
– Stamp duty free
– Long established business since 1968
– Total Area: 111 sqm
– Close to Westfield Shopping Centre
– Large public sector workforce
– Belconnen Town Centre location
– Zoning: CZ6 – Leisure and Accommodation Zone
Lessee: Velocity Conveyancing
Lease Term: 9 Years
Lease Commencement: 24th January 2021
Lease Expiry: December 2030
Options: 2 x 4 Years
Net Income: $41,600 pa + GST
Auction Details: 10:30am February 21st 2023. Yallamundi Rooms, Opera House Sydney.
