 Asset Class: | Retail |
 Price: | $ 1900000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<b>Prime Investment Opportunity – Kingston Foreshore</b><br><br>This exceptional commercial property presents a rare opportunity to acquire a high-yielding asset in one of Canberra’s most sought-after locations. Strategically positioned in the thriving Kingston Foreshore precinct, this investment offers a <b>negotiated price of $1,900,000</b>, significantly below the market value of <b>circa $2,350,000*</b>, ensuring strong capital growth potential.<br><br>With a <b>net yield of 6%</b> and <b>zero stamp duty</b> (a saving of approximately $90,000), the <b>true net yield increases to 6.3%</b>, delivering immediate financial benefits. The <b>secure net lease structure</b> further enhances this investment, as the tenant covers 100% of all outgoings, including ACT rates, strata levies, water, and management fees, ensuring minimal ownership costs.<br><br>At <b>109sqm internal space plus 110sqm external seating on title</b>, this property provides operational flexibility and value enhancement. Additionally, the current rent is below market value, presenting an opportunity to <b>increase rental income by circa $20,000</b>, which could translate into an <b>uplift of $350,000 in capital value</b> at a 5.5% yield.<br><br>With strong demand for Kingston Foreshore properties and limited high-quality supply, this property offers an ideal blend of <b>stability, rental growth, and capital appreciation</b>, making it a compelling choice for commercial property investors looking to maximise returns.<br><br>*Projection on market research.
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<b>Kingston, ACT – A Thriving Inner-City Hub</b><br><br>Kingston is one of Canberra’s oldest and most prestigious suburbs, blending heritage charm with modern development. Located on the southern shores of Lake Burley Griffin, it is just minutes from the CBD and Parliamentary Triangle, making it a highly sought-after location for both residents and businesses.<br><br>Over the past decade, Kingston has experienced substantial growth, particularly around the <b>Kingston Foreshore</b>, a vibrant waterfront precinct filled with cafés, restaurants, boutique shops, and high-end apartments. This area has transformed Kingston into a lifestyle destination, attracting professionals, entrepreneurs, and visitors seeking a dynamic urban atmosphere.<br><br>Kingston boasts a strong economy, supported by its proximity to major employment hubs, including government offices, corporate headquarters, and cultural institutions such as the National Gallery of Australia. The suburb’s commercial sector continues to expand, with demand for retail, hospitality, and office spaces remaining high. Low vacancy rates, particularly in premium commercial properties, reflect the area’s desirability.<br><br>With Canberra’s stable property market and ongoing infrastructure investment, Kingston remains a prime location for both residential and commercial opportunities. The suburb’s blend of history, modern conveniences, and a lively social scene makes it one of the capital’s most dynamic investment locations.
Additional Location Information File<b>New Tenant:</b><br><br>Whilst more information will come through DD regarding the tenant, we do know great fundamentals about them. <br><br>- The tenants are an experienced restaurant operators in Canberra<br><br>- They currently run multiple restaurants<br><br>- They are moving in with no incentive<br><br>- They know how to utilise the current fit out<br><br>- They are committing to a 5 + 5 year lease<br><br> Another point to be made, is how quickly this property was able to find a tenant. Not only that but also paying a higher rate than what was currently producing (lease to confirm).<br>
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127 / 27 Eastlake Parade, Kingston - 219sqm - $520/sqm 158/45 Eastlake Parade, Kingston - 164sqm - $697/sqm (not water front) Unit 1, 31 Giles Street, Kingston - 159sqm - $750/sqm (not water front) (Sold Sub 5.5%) Unit 27, 6-14 Trevillian Quay, Kingston - 266sqm - $592/sqm (Valuation of 5.25% net) 145/41 Eastlake Parade, Kingston - 40sqm - $906/sqm (Sold at 5%) 18/19 Eastlake Parade, Kingston - 149sqm - $739/sqm 4 / 45 Honeysett View, Kingston - 114sqm - $683/sqm 5 / 45 Honeysett View, Kingston - 107sqm - $616/sqm
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Asking Price: $1,950,000 (+ Stamp duty)<br>Negotiated Price: $1,900,000<br><br>Net Yield: 6%<br>Zero Stamp Duty (saving circa $90,000)<br>True Net Yield: 6.3%<br>Well under market value of circa $2,350,000<br><br><span style="color:rgb(51, 51, 51);font-weight:normal;">Property Size is 109sqm internal space + 110sqm external seating on title, enhancing value and operational flexibility.</span><br><br>Located in one of Canberra’s most sought-after locations<br><br><span style="color:rgb(51, 51, 51);">Prime Kingston Foreshore Location: High foot traffic, excellent visibility, and a thriving hospitality and retail precinct.</span><br><br><span style="font-weight:normal;">Strong net lease structure as the tenant pays 100% of all outgoings, including ACT Rates, Strata Levy, Icon Water Invoice, and Property Management fees.</span><br><br><span style="font-weight:normal;">Capital Growth Potential: Strong demand for Kingston Foreshore properties supports long-term value appreciation.</span><br><br><span style="font-weight:normal;">Stamp Duty Savings: ACT commercial properties up to $1.9M are exempt from stamp duty, offering upfront cost benefits (Circa $90,000)</span><br><br><span style="color:rgb(51, 51, 51);">Rental is Under Market Value: With plenty of foreshore properties comfortably renting well above $600/sqm, this property seems underrented. Raising this to $600/sqm would result in an uplift in rent of circa $20,000 and $350,000 capital value (at 5.5%).</span><br><br><span style="font-weight:normal;">Buying Below Market Value: at 6% this property is well under market value as similar assets have sold for 5.5% (and sharper down to 5%), market value could be closer to $2,050,000. (not including the under rented nature. If this was factored in, hypothetically the property would be worth $2,350,000)</span><br><br><span style="font-weight:normal;">This opportunity provides an exceptional combination of stability, rental growth, and prime location, making it a compe</span>lling choice for commercial property investors.
