 Asset Class: | Retail |
 Price: | $ 3550000 |
 Net Yield: | 6.10 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<p style=""><span style="font-weight:normal;">This exceptional retail investment offers a true net yield of approx. 6.4% with no stamp duty payable, saving around $177,500. Spread across three separate titles and 345sqm of net lettable area, this asset provides unmatched flexibility—purchase individually to remain under the $1.8M Land Tax threshold and hold as a high-performing portfolio. Situated in the heart of Braddon’s thriving retail precinct on Lonsdale Street, these prime, ground-floor, street-facing shops benefit from strong foot traffic in an affluent area. Securely leased to O’Kami Japanese Restaurant on a 10-year Net Lease (with a 5-year option to 2036). With 4% annual rental increases, a $500,000+ high-end fit-out, and six secure basement parking spots, this is a low-maintenance, high-growth opportunity in one of Australia’s most stable economies. No Land Tax, excellent depreciation benefits, and strong future flexibility make this an ideal long-term investment.</span></p>
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<span style="font-weight:normal;">Braddon, ACT – A Thriving Commercial Hub with Strong Investment Potential</span><br><br>Braddon, located just north of Canberra’s CBD, is a vibrant and rapidly evolving suburb known for its strong commercial and residential appeal. The area has transformed from an industrial precinct into a bustling urban hub, attracting businesses, investors, and professionals seeking high-growth opportunities.<br><br>Braddon benefits from its prime location adjacent to the city, providing excellent connectivity and accessibility. The suburb is a hotspot for retail, hospitality, and office spaces, with a diverse mix of boutique shops, cafes, restaurants, and co-working spaces. It has a high population density, driven by an influx of young professionals and downsizers drawn to its modern apartment developments and lifestyle offerings.<br><br>The commercial property market in Braddon is bolstered by strong economic fundamentals. With low vacancy rates and increasing demand for retail and office spaces, the suburb presents a lucrative investment opportunity. Canberra’s steady population growth and strong employment rates contribute to Braddon’s resilience, making it an attractive option for long-term capital growth and stable rental yields.<br><br>Braddon’s appeal is further strengthened by the ACT’s economic stability, underpinned by a robust public sector, infrastructure investment, and a growing private sector. As one of Canberra’s most sought-after commercial precincts, Braddon continues to offer strong fundamentals for investors seeking security and growth in a dynamic market.
Additional Location Information FileO’kami just opened their 53rd Restaurant nationally in July 2024 highlighting their proven track record and business model. There are strong Google social media reviews on Okami’s “All you can eat” menu design, highlighting its strengths as a quality eatery with a choice of beers on tap and excellent wine list.<br><br><span style="color:rgb(51, 51, 51);font-style:normal;font-weight:normal;background-color:rgb(255, 255, 255);">Welcome to our family-style restaurants, where families and friends of all ages can relish the joy of dining out. Our mission is to ensure that everyone in your group finds their own favourite dishes and leaves with contented hearts and full bellies. We understand the importance of creating cherished memories, and that’s why we wholeheartedly embrace the essence of good times, great food at a value, and guarantee your satisfaction from start to finish. Come dine with us and experience the pure delight of leaving not just satisfied but gratified.</span><br><br>Okami Japanese Restaurant | All You Can Eat, Excellence! (okamirestaurant.com.au)
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U137, U138 & U142 _ 24 Lonsdale Street - 345sqm / $216,550 = $628/sqm 131/24 Lonsdale Street, Braddon, 143m2, $110,000pa, $769/sqm 52/32 Mort Street, Braddon, 78m2, $55,800, $715/sqm G16/27 Lonsdale Street, Braddon, 112sqm, $77,840pa, $695/sqm 55/40 Mort Street, Braddon, 269sqm, $161,400pa, $600/sqm
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Asking Price: $3,600,000+<br>Negotiated Price: $3,550,000<br><br>6.1% + no stamp duty = true net yield circa 6.4%<br>Net lettable area: 345sqm<br>Across 3 different titles<br>Ability to purchase each title separately to avoid stamp duty (Subject to legal review)<br><br><b>Prime Location & High Visibility</b><br>Three ground-floor, street-facing retail shops in Braddon, Canberra's premier retail precinct.<br>Positioned on Lonsdale Street, a high-traffic area known for affluence and strong consumer spending.<br><b>Strategic Purchase Structure</b><br>Purchased as three separate titles, keeping each property under the $1.8M Land Tax threshold.<br>Avoids stamp duty as each title is acquired individualy saving circa $177,500<br><b>Strong Tenant with Secure Lease</b><br>Leased to O’Kami Japanese Restaurant on a true 10-year Net Lease with a further 5-year option to 2036.<br>Tenant covers 100% of outgoings, ensuring stable income (retail lease to exclude PM and captial works BC).<br><b>Attractive Rental Returns & Growth</b><br>4% annual rental increases guarantee rising income.<br>Market adjustments at option renewal keep rent competitive.<br><b>High-Yield Investment with </b><span style="color:rgb(51, 51, 51);"><b>Favorable Tax Benefits</b></span><br>Exceptional 6+% return.<br><span style="color:rgb(51, 51, 51);">No Land Tax for commercial properties in the ACT.</span><br><b>Quality Development with Strong Infrastructure</b><br>Mode3 building is a landmark mixed-use development with a high-end industrial design.<br>Onsite visitor parking and four levels of basement parking with 6 secure parking spots across the three titles.<br><b>Significant Tenant Investment & Fit-Out</b><br>Over $500,000 invested in a high-end commercial kitchen, bar, and dining space creating a potential very long term tenant.<br>Large cool rooms, display fridges, and alfresco dining attract high foot traffic.<br><b>Canberra’s Economic Strength & Stability</b><br>Canberra has one of Australia’s lowest unemployment rates, backed by Federal Government employment.<br>Second-highest income per capita in Australia, ensuring a strong customer base.<br><b>Future Flexibility & Growth Potential</b><br>Three separate titles allow for independent leasing or sale, maximizing investment potential.<br>Potential for increased rental returns by leasing separately in the future.
