22 Thynne Street is improved with a two-story free standing commercial building providing approximately 1,953m2 of net lettable area all set on a large 6,617m2 site. The building offers a strong secure yield with a projected fully leased income of circa $510,081 + GST and boast a strong anchor tenant in ‘Guardian Early Learning Centre’ occupying the ground floor and western surrounds.

The first-floor office accommodation has recently undergone significant refurbishment and is now configured as 3 office tenancies with only one vacancy currently and a common area providing male, female and ambulant bathroom amenities. Access to the first floor is via a ground floor foyer that provides a single elevator and stairway.

Further improvements to the property include a large dedicated on-grade carpark providing 60 car spaces, 5 disabled car spaces, and a drop off driveway to a sheltered building entrance, established mature landscaping and a waste enclosure. The subject property is not required to have a NABERS rating.

The property is zoned “CZ5 – Mixed use” under the provisions of the Territory Plan.

A rare opportunity to purchase an income producing freestanding property set on a large 6,617 sqm CZ5 zoned block. As stated in the Crown Lease, the Gross Floor Area (GFA) permitted on site is 3,700 sqm, so there is another circa 1,500 sqm of GFA immediately available, with the potential for a further increase in the GFA and/or variation in the crown lease for future development.

If you are looking for a secure incoming producing potential plus investment opportunity, then 22 Thynne Street may just be the one you have been looking for.

For further information please contact Christopher Farmer on 0417 133 071 or Mark Thompson on 0438 624 042.