 Asset Class: | Office |
 Price: | $ 1050000 |
 Net Yield: | 5.41 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This <b>117 sqm ground-floor office</b> in the sought-after <b>Mode 3 building, Braddon</b>, presents a <b>prime investment opportunity</b> with a <b>negotiated price of $1,050,000</b> and a <b>true net yield of 5.71% (no stamp duty)</b>—saving buyers approximately <b>$50,000</b>. Currently <b>under-rented</b>, the property offers <b>strong value-add potential</b>, with market rates indicating a possible <b>10% value increase ($105,000) by next year</b>. Featuring <b>high-quality fitout, two undercover car spaces, and a strong tenant</b>, this <b>high-demand asset</b> benefits from <b>a short lease term, excellent accessibility, and growing buyer interest</b>, including from the current tenant.
How old is the asset?
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Is this property in a flood zone?
Is this lease a leaseback arrangement?
Braddon is a vibrant inner-city suburb of Canberra, located just north of the CBD. Known for its mix of modern apartments, heritage homes, and a thriving commercial district, Braddon has transformed into a bustling lifestyle hub. The area is particularly popular with young professionals, creatives, and investors due to its walkability, diverse dining scene, and strong rental demand.<br><br>Braddon has seen significant population and economic growth in recent years, driven by urban renewal and a steady influx of residents seeking an energetic city lifestyle. Its proximity to Canberra’s key employment hubs, government offices, and cultural institutions adds to its appeal. The commercial property sector remains strong, with low vacancy rates reflecting ongoing demand from hospitality, retail, and office tenants.<br><br>With Canberra’s stable economy and consistent property market growth, Braddon stands out as a prime investment location. Its mix of lifestyle, connectivity, and economic resilience makes it an attractive choice for both residential and commercial opportunities.
Additional Location Information FileBuild Force Group<br><br>Build Force Group is an Australian company specializing in providing skilled tradesmen and laborers for the building and construction industry. Established to address the growing demand for reliable workforce solutions in both short and long-term projects, the company is committed to delivering high-quality services that meet and exceed client expectations. Their team comprises seasoned professionals with backgrounds in trades and sales, emphasizing the importance of productive labor hire to ensure projects are completed on time and to a high standard. Build Force Group aims to build long-lasting relationships with clients, positioning itself not just as a labor hire provider but as a solutions partner.
Initial Term:
Security:
$20,955 Bank Guarantee
Security Info:
$20,955 Bank Guarantee
To note: it is a semi gross lease. Meaning outgoings are capped currently at the below figure of $21,679. Anything above this, the tenants pay.
Additional Financial Information FileInitial Term:
Security:
$20,955 Bank Guarantee
Security Info:
$20,955 Bank Guarantee
Subject Property: 143/24 Lonsdale Street Braddon - 117sqm - $486/sqm net ($670/sqm Gross) Comparables are a mix of office and ground floor retail: G14, 1 Elouera Street, Braddon – 54sqm – $555/sqm net 75/42 Mort Street, Braddon - 61sqm - $737/sqm 131/24 Lonsdale Street, Braddon - 143sqm - $769/sqm 52/32 Mort Street, Braddon - 78sqm - $715/sqm 65/30 Lonsdale Street, Braddon - 70sqm - $642/sqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Asking Price: $1,075,000<br>Negotiated Price: $1,050,000<br>Net Yield: 5.41%<br>True Net Yield: 5.71% (No stamp duty)<br>Value Add: Under rented <br><br><b>Prime Location</b>: Situated in the Mode 3 building at <b>24 Lonsdale Street, Braddon</b>, a highly sought-after commercial precinct. <span style="color:rgb(51, 51, 51);">A thriving hub known for its boutique shopping, fine dining, and café culture.</span><br><br><span style="color:rgb(51, 51, 51);"><b>No Stamp Duty</b></span><span style="color:rgb(51, 51, 51);">: A significant cost-saving advantage compared to standard office investments. This saves the buyer circa $50,000.</span><br><br><b>Value-Add Opportunity:</b> The property is currently under-rented, as the landlord prioritized securing a tenant quickly rather than achieving market rent. This presents a significant upside—<span style="font-weight:normal;">with a short lease term, rental adjustments could drive a </span><b>value increase of approximately 10% (around $105,000) by end of next year</b>. Currently leased at <b>$486/sqm</b>, while market rates are estimated at <b>$525-$550/sqm</b>. This will quickly bring this asset above 6% net yield.<br><br><span style="color:rgb(51, 51, 51);"><b>High Demand at This Price Point</b></span><span style="color:rgb(51, 51, 51);">: Current market conditions indicate a </span><span style="color:rgb(51, 51, 51);"><b>6+ month wait</b></span><span style="color:rgb(51, 51, 51);"> for comparable properties, making this a standout opportunity.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Premium Office Advantage</b></span><span style="color:rgb(51, 51, 51);">: </span><span style="color:rgb(51, 51, 51);"><b>Ground floor positioning</b></span><span style="color:rgb(51, 51, 51);"> ensures better accessibility and visibility than a typical office space creating an advantage to other offices. Enhances of natural light creates a bright, open workspace.</span><br><br><span style="color:rgb(51, 51, 51);"><b>Functional Layout</b></span><span style="color:rgb(51, 51, 51);">: Includes an office, boardroom, open-plan workspace, modern kitchen, and private bathroom/shower.</span><br><br><b>High-Quality Office Space</b>: <b>117 sqm ground floor office</b> with premium fitout <span style="font-weight:normal;">in near-new condition. Recent tenant improvements include an additional enclosed office.</span><br><br><b>Secure Parking</b>: Includes <b>two undercover car spaces</b>, adding convenience and value to future tenants.<br><br><b>Strong Tenant: </b>The tenant has been in business for over 6 years —providing stability.<br><br><b>Potential Buyer Interest</b>: The current tenant has expressed <b>interest in purchasing</b>, signalling strong demand.<br><br><span style="color:rgb(51, 51, 51);"><b>Smart Outgoings Arrangement</b></span><span style="color:rgb(51, 51, 51);">: Tenant covers </span><span style="color:rgb(51, 51, 51);"><b>100% of outgoings beyond the base year</b></span><span style="color:rgb(51, 51, 51);">, reducing owner expenses.</span><br><br><b>Premium-Grade Building</b>: Mode 3, developed by Construction Control, completed in <b>2012.</b><br><br><span style="color:rgb(51, 51, 51);"><b>Excellent Accessibility</b></span><span style="color:rgb(51, 51, 51);">: Close to public parking, two onsite car spaces, and light rail transport.</span><br><br><b>Vibrant Atmosphere:</b> Located in the heart of Braddon’s bustling commercial and lifestyle precinct.<br><br>
