Don’t hesitate to acquire this quality retail investment in the popular and growing City West Precinct.
The City West Precinct continues to undergo rapid development, with the Mayfair Apartments the latest residential project to add to the high demographic private sector office precinct and vibrant community of the Australian National University and award winning New Acton development. Located on the corner of Marcus Clarke Street and University Avenue, this property enjoys exposure to high volumes of both pedestrian and vehicular traffic.

The property itself is 306 sqm (Units Plan area) of ground floor retail space currently divided into two tenancies of 194 sqm (E Mart Asian Grocer) and 110 sqm (Uni Sushi Bar). The tenancies enjoy excellent frontage to University Avenue as well as backing on to Hobart Place, potentially providing opportunities for further sub division opportunities in the future. The tenancies have ceilings, are air conditioned and the Sushi Bar is connected to a grease trap (installed by the tenant).

Both units are leased until the second half of 2016 with 5 year options, fixed 4% annual increases and the property provides a net annual income of approximately $104,393 pa, plus GST.