 Asset Class: | Office |
 Price: | $ 1050000 |
 Net Yield: | 6.19 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
An exceptional investment opportunity, this premium commercial asset stands out as the best in its price range, offering a <b>true net yield of 6.49%</b> (6.19% before stamps) with a <b>negotiated price of $1,050,000</b> and a <b>stamp duty saving of approximately $50,000</b>. Securing this offmarket has gained a huge advantage as multiple of these properties have sold for sub 6% net yield of recent. Spanning <b>153sqm</b> of <b>sophisticated retail/office space</b>, the property boasts a high-end fit-out, including a <b>welcoming reception, waiting area, open-plan bullpen, and private meeting rooms</b>, complemented by modern <b>kitchen and bathroom amenities</b> and <b>full air conditioning</b>. Two <b>secure car parks generate an additional $5,000 per annum</b>, enhancing income potential. Strategically positioned in <b>booming Gungahlin</b>, which has experienced an astounding <b>32% population growth since 2017</b>, this asset benefits from <b>unmatched exposure</b> at the base of a <b>fully sold-out major project</b>, driving foot traffic. Surrounded by <b>high-profile national retailers</b> such as <b>Bunnings, Spotlight, Petbarn, and Dan Murphy’s</b>, the location ensures strong long-term desirability. A <b>brand-new, secure 3-year lease</b> with a <b>real estate group tenant</b> provides stability and suggests potential for <b>rental uplift</b> in the future. Additionally, the property offers <b>future flexibility for conversion into a retail shop (STCA)</b>, further enhancing its appeal. For investors seeking <b>strong returns, security, and future upside</b>, this is an unrivaled opportunity in Canberra’s fastest-growing district.
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Gungahlin is one of Canberra’s fastest-growing districts, known for its modern infrastructure, strong economic growth, and vibrant community. Located in the northern part of the Australian Capital Territory, it has evolved into a key commercial and residential hub, attracting businesses, investors, and families alike.<br><br>With a rapidly expanding population, Gungahlin benefits from consistent demand for both residential and commercial properties. The area has seen substantial government investment in infrastructure, including the Canberra light rail, which connects Gungahlin to the city centre, boosting accessibility and economic activity. The local economy is diverse, supported by retail, professional services, and government employment, contributing to low commercial vacancy rates and strong rental yields.<br><br>Commercial property in Gungahlin is in high demand, particularly in retail and office sectors, due to the suburb’s strong population growth and increasing business activity. The vacancy rate remains low, reflecting a tight market where well-located properties experience high occupancy and stable returns.<br><br>As part of the ACT, Gungahlin benefits from Canberra’s overall economic stability, driven by public sector employment and steady population growth. The region’s strategic development, combined with a pro-business environment and ongoing infrastructure projects, makes it a compelling investment location for those seeking long-term growth and secure returns.
Additional Location Information FileLa Casa Property Group<br><br>La Casa Property Group is a Canberra-based real estate agency specializing in property management and sales, with a strong presence in Gungahlin. Committed to delivering exceptional service, the agency focuses on maximizing returns for property owners while ensuring a seamless and stress-free experience for buyers, sellers, and tenants. Their property management services emphasize careful tenant selection, proactive maintenance, and market-driven strategies, while their sales approach is designed to achieve optimal results through expert market insights and client-focused support. Known for their professionalism, responsiveness, and personalized approach, La Casa Property Group has built a reputation for trust and excellence within the Canberra property market.
Initial Term:
Security:
3 months gross rent
Security Info:
3 months gross rent
Initial Term:
Security:
3 months gross rent
Security Info:
3 months gross rent
Subject Property: 421-432/1 Anthony Rolfe Avenue Gungahlin - 153sqm - $392/sqm (Net) (Circa $600/sqm Gross) (2 x car bay $208/pcbm) 181/8 Gribble Street, Gungahlin - 220sqm - $661/sqm (Gross) 139/54 Ernest Cavanagh Street, Gungahlin - 97sqm - $969/sqm (Semi-gross) 114/54 Ernest Cavanagh Street, Gungahlin - 117sqm - $769/sqm (semi-gross)
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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Asking Price: $1,100,000<br>Negotiated Price: $1,050,000<br>Net Yield: 6.19% <br>True Net Yield: 6.49% (No Stamp Duty saving circa $50,000)<br><br><span style="color:rgb(51, 51, 51);">NLA of 153sqm</span><br><br><span style="color:rgb(51, 51, 51);">No Stamp Duty saving circa $50,000</span><br><br><span style="color:rgb(51, 51, 51);">Sophisticated fit out</span><br><br><span style="color:rgb(51, 51, 51);">Reception area, waiting room, open desk bullpin and meeting rooms</span><br><br><span style="color:rgb(51, 51, 51);">Amenities include; kitchen and bathroom facilities with airconditioning throughout</span><br><br><span style="color:rgb(51, 51, 51);">2 secure car parking bays that produce $2,500pa each of rent</span><br><br><span style="color:rgb(51, 51, 51);">Booming population growth. An amzing 32% growth since 2017 (75,000 population in 2017 to an estimated 100,000 in 2025)</span><br><br><span style="color:rgb(51, 51, 51);">Situated at the foot of a large project that has all been sold. (Boosting location foot traffic)</span><br><br><span style="color:rgb(51, 51, 51);">Sensational location with major neighbouring tenants - Bunnings, Spotlight, Genius Childcare, Gungahlin Health Centre, Petbarn, DanMurphy's, Hungry Jacks (all within 300m)</span><br><br>Brand new, secure, 3 year lease<br><br><span style="color:rgb(51, 51, 51);">Potential to be converted to a retail shop in the future (STCA)</span><br><br>With a real estate group as a tenant, it generally indicates rents are under market due to their knowledge of the market<br><br><br><br>
