Whole/32 Cohen Street Belconnen, ACT 2617

Civium Property Group and Ray White Commercial Canberra are pleased to present 32 Cohen St Belconnen, Belconnen for sale by private treaty with an asking price of $14,900,000.

32 Cohen St is well located, situated right in the middle of Belconnen Town Centre. The building is has undergone a huge refurbishment, re-positioning it as a rare, high-quality destination for Office, Medical and Retail operators, perfectly placed on the door step of Westfield Belconnen.

The refurbishments are now complete and the building is 100% leased, to a high quality mix of tenants, including a Sage Childcare, Open Mobility, Active Recovery Physio, Hairdresser and Ray White Canberra Real Estate Agency.

The primary attributes of the building are:

• WALE of 10.55 years (anchored by Sage Childcare, with lease expiry in 2040)
• Annual net rent of $945,994 per annum plus GST
• Net Lettable Area 3,709m2
• Large 4,030m2 block
• Large depreciation benefits from recent $6m refurbishment
• High level of exposure and accessibility to Westfield Belconnen
• Both front are rear on site parking for 51 cars.
• Large range of allowable uses, including Office, Education 9B, Medical, Vet, Retail, Wholesale, Personal Services, Manufacturing, Vehicles Sales and Servicing.

Close to Westfield Shopping Centre, Belconnen Markets, Bunnings Warehouse, Belconnen Service Trades, University of Canberra, Lake Ginninderra and Government Offices the building represents an excellent opportunity for investors wanting a Town Centre location, on a large block of land.