Ray White Commercial Canberra are delighted to present 36 Botany Street Phillip to the market via Expressions of Interest closing Tuesday 4th April, 2023.

This is a fantastic opportunity for an astute investor to secure a prominently positioned asset with a long term lease to national retailer 99Bikes. The large format strata titled property offers a total 272m²* of retail space facing Botany street. Its superior position provides high visibility to oncoming traffic, a key reason for the nationally recognised tenant to occupy the property.

• Commencing Net Rent of $85,000 + GST per annum (Tenant pays all usual outgoings)
• 5 year + 3 year + 3 year commencing 1 April 2023
• 3% annual increases
• 272m²* premises
• CZ3: SERVICES ZONE
• GST not applicable (As going concern)

Phillip serves as the commercial and geographical centre of the Woden Valley District and contains many of the district's key facilities. Situated 8.5km from the heart of Canberra and nestled within the densely populated Woden business district. The high profile asset sits within the well established Phillip business precinct, directly across the road from a major Westfield shopping centre and neighbouring esteemed suburbs including Curtin, Garran, Pearce, Torrens and Mawson.

*Approximate